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Assuming no change in hours of work, if real output per hour of work increases by 10%, what will be the new levels of real GDP in the right column. Does the new data reflect an increase in aggregate supply or does it indicate a decrease in aggregate supply? Data below

Price Level Real GDP
110 275
100 250
95 225
90 200

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M964775

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