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(Solved): Refer to the above diagram. When output increases from \( \mathrm{Q} 1 \) and the price level decre ...
Refer to the above diagram. When output increases from \( \mathrm{Q} 1 \) and the price level decreases from \( \mathrm{P1} \), this change will: be caused by a shift in the aggregate supply curve from AS1 to AS2. be caused by a shift in the aggregate supply curve from AS1 to AS3. result in a movement along the aggregate demand curve from e1 to \( \mathrm{e} 2 \). result in a movement along the aggregate demand curve from e3 to e1.