AP Macroeconomics Quiz
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NATIONAL INCOME AND PRICE DETERMINATION
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A pandemic causes repeated worker absences and intermittent shutdowns, raising per-unit costs for firms in the short run while many wages and prices remain sticky. Based on the short-run aggregate supply curve shown, which statement correctly describes the shift from SRAS1SRAS_1 to SRAS2SRAS_2 and the short-run effects on the price level and real GDP?
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