Multiple Choice
Figure 9.3
-Refer to Figure 9.3. Which of the following causes the economy to move from Point A to Point E in the short run?
A) an increase in the price level
B) technological progress
C) an influx of immigrants
D) an oil embargo that increases the price of oil sharply
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q118: Recall Application 1, "Measuring Price Stickiness in
Q119: The long-run aggregate supply curve is vertical.
Q119: Recall Application 3, "How the U.S. Economy
Q121: Suppose there are three economies with 3
Q122: In the long run, the aggregate supply
Q124: In the short run, the formal or
Q125: A large reduction in oil prices will
Q126: The aggregate demand curve shifts to the
Q127: Rank these three wage rates in the
Q128: A lower U.S. net exports caused by