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    Exam 8: The Business Cycle
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    Given AD<sub>2</sub> and AS<sub>1</sub>,the Equilibrium Price Level in Figure 8
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Given AD2 and AS1,the Equilibrium Price Level in Figure 8

Question 133

Question 133

Multiple Choice

  Given AD<sub>2</sub> and AS<sub>1</sub>,the equilibrium price level in Figure 8.3 is A) P<sub>1</sub>. B) P<sub>2</sub>. C) P<sub>3</sub>. D) P<sub>4</sub>. Given AD2 and AS1,the equilibrium price level in Figure 8.3 is


A) P1.
B) P2.
C) P3.
D) P4.

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