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2.3.2 Short-run AS

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Question 8

Annotate the diagram below to show the likely short-run impact of a significant increase in the global price of imported raw materials on the Australian economy's equilibrium level of real GDP and price level.

Macroeconomic equilibrium diagram

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2.3.2 Short-run AS Questions

  1. A Level
  2. /Economics
  3. /2.3.2 Short-run AS