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Draw the full AS-AD model. Our short run equilibrium is at RGDP 100 and Price Level...

Draw the full AS-AD model. Our short run equilibrium is at RGDP 100 and Price Level 5. Socially optimal GDP is at 75. Show a shift of SRAS which takes us to socially optimal output. What could have cause that shift and what is the GDP level at that point? Label social optimal out before the shift as A, the first equilibrium as B, and the post shift equilibrium as C. 5pts each

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