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Exhibit 9-4 -Refer to Exhibit 9-4.Assume the Economy Is Self-Regulating and Currently

Question 94

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Exhibit 9-4
Exhibit 9-4 -Refer to Exhibit 9-4.Assume the economy is self-regulating and currently is in long-run equilibrium with the price level equal to P<sub>3</sub>.After an initial increase in U.S.exports,the long-run equilibrium will be brought about by a shift from A) AD<sub>3</sub> to AD<sub>1</sub>. B) SRAS<sub>1</sub> to SRAS<sub>2</sub>. C) SRAS<sub>2</sub> to SRAS<sub>1</sub>. D) AD<sub>3</sub> to AD<sub>2</sub>. E) none of the above
-Refer to Exhibit 9-4.Assume the economy is self-regulating and currently is in long-run equilibrium with the price level equal to P3.After an initial increase in U.S.exports,the long-run equilibrium will be brought about by a shift from


A) AD3 to AD1.
B) SRAS1 to SRAS2.
C) SRAS2 to SRAS1.
D) AD3 to AD2.
E) none of the above

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