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-Refer to Exhibit 9-6

Question 116

Multiple Choice

-Refer to Exhibit 9-6.If the economy is self-regulating and currently at point 1,it follows that A) the AD curve will shift to the right and pass through point 4. B) the SRAS curve will shift to the left and pass through point 2. C) the economy is currently operating below its physical PPF and above its institutional PPF. D) the SRAS curve will shift to the right and pass through point 3.
-Refer to Exhibit 9-6.If the economy is self-regulating and currently at point 1,it follows that


A) the AD curve will shift to the right and pass through point 4.
B) the SRAS curve will shift to the left and pass through point 2.
C) the economy is currently operating below its physical PPF and above its institutional PPF.
D) the SRAS curve will shift to the right and pass through point 3.

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