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1.
Upper Six Unit
2 Module 1 Topic 2
2.
3.
4.
5.
Quantity of labour
Real Wage D L S L Unemployed 0 L2 L1 L3 W/P1 W/P2
6.
7.
8.
9.
10.
11.
12.
LRAS (Keynesian) LRAS
Q1 Q2 Real GDP Price level 0
13.
LRAS (Classical
operating at full capacity) Real GDP Price level Q 0
14.
AD and AS
AD AS Q P Real GDP Price level AD1 AS1
15.
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