Multiple Choice
Use the following graph to answer the following questions.
-If point A occurs chronologically before point B,then this graph could represent
A) a decrease in aggregate demand with a decrease in long-run and short-run aggregate supply.
B) an increase in aggregate demand with constant long-run and short-run aggregate supply.
C) a decrease in aggregate demand with constant long-run and short-run aggregate supply.
D) constant aggregate demand with a decline in long-run aggregate supply.
E) constant aggregate demand with a decline in short-run aggregate supply.
Correct Answer:
Verified
Correct Answer:
Verified
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