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4) Refer to Figure AD-AS. A lower cost of imported raw materials used in production will cause a(n) _______ domestic production and, in turn, will...
4) Refer to Figure AD-AS.2. A lower cost of imported raw materials used in production will cause a(n) _______ domestic production and, in turn, will cause a _________ investment spending on machinery. Ultimately, the __________.A) decrease; lower; AS curve will shift from SRAS1 to SRAS2 B) decrease; higher; AD curve will shift from AD3 to AD2C) increase; lower; AD curve will shift from AD1 to AD2D) increase; higher; AS curve will shift from SRAS2 to SRAS3