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Homework answers / question archive / Refer to the information provided in the figure below to answer the question that follows

Refer to the information provided in the figure below to answer the question that follows

Economics

Refer to the information provided in the figure below to answer the question that follows. AS Price level. P 110 AD 600 Aggregate output (income), Y (5 billion) Suppose the equilibrium output is initially $600 billion. A decrease in wages and an increase in government spending will, for sure, increase A the price level B. equilibrium output and decrease the price level. C. equilibrium output D. both the equilibrium output and the price level.

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