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A rise in the productivity of any factor input or fall in its cost will shift the as curve rightwards and downwards to ASl. Only where AD and AS intersect at a general price level of P1 and national output Y1 In Figure 10 do we have an equilibrium outcome for the economy.
A rise in the productivity of any factor input or fall in its cost will shift the as curve rightwards and downwards to ASl. Only where AD and AS intersect at a general price level of P1 and national output Y1 In Figure 10 do we have an equilibrium outcome for the economy.
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A rise in the productivity of any factor input or fall in its cost will shift the as curve rightwards and downwards to ASl. Only where AD and AS intersect at a general price level of P1 and national output Y1 In Figure 10 do we have an equilibrium outcome for the economy.
Droits d'auteur :
Attribution Non-Commercial (BY-NC)
Formats disponibles
Téléchargez comme PDF, TXT ou lisez en ligne sur Scribd