Solved

Use the Following to Answer Questions

Question 113

Multiple Choice

Use the following to answer questions .
Exhibit: Using the Aggregate Demand/Aggregate Supply Model 1 Use the following to answer questions . Exhibit: Using the Aggregate Demand/Aggregate Supply Model 1   -(Exhibit: Using the Aggregate Demand/Aggregate Supply Model 1)  Suppose the economy is initially in short-run equilibrium at B. A shift from AD<sub>1</sub> to AD<sub>2</sub> could have been caused by all of the following except A)  an increase in consumer optimism. B)  economic prosperity in foreign economies. C)  a personal income tax cut. D)  an increase in the price level from P<sub>a</sub> to P<sub>b</sub>.
-(Exhibit: Using the Aggregate Demand/Aggregate Supply Model 1) Suppose the economy is initially in short-run equilibrium at B. A shift from AD1 to AD2 could have been caused by all of the following except


A) an increase in consumer optimism.
B) economic prosperity in foreign economies.
C) a personal income tax cut.
D) an increase in the price level from Pa to Pb.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions