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(Solved): The following graph shows the (A) Keynesian, (B) monetarist, and \( (C) \) consensus hybrid \( A S ...
The following graph shows the (A) Keynesian, (B) monetarist, and \( (C) \) consensus hybrid \( A S \) curves, all intersecting \( A D \) at point E. Output (real GDP per period) If \( A D \) shifts rightward, which \( A S \) curve \( (A, B \), or \( C) \) generated a. the biggest increase in output? b. the biggest increase in prices? c. Which AS curve (A, B, or C) in the figure causes the least unemployment when fiscal or monetary restraint is pursued?