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2.3.2 Short-run AS

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Question 4

Annotate the diagram below to show the likely impact of a substantial rise in indirect taxes on businesses on the Canadian economy's equilibrium level of real GDP and price level.

An AD/SRAS diagram representing the Canadian economy.

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2.3.2 Short-run AS Questions

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