Multiple Choice
Use the following graph to answer the following questions.
-In the aggregate demand-aggregate supply model shown,if point A occurs chronologically before point B,which situation would the figure accurately represent?
A) Aggregate supply,long-run aggregate demand,and the price level have all decreased.
B) Aggregate supply and long-run aggregate demand have decreased,while the price level has increased.
C) Aggregate demand and long-run aggregate supply have increased,with no change in price level.
D) Aggregate demand and long-run aggregate supply have decreased,with no change in price level.
E) Aggregate demand,long-run aggregate supply,and price level have all decreased.
Correct Answer:
Verified
Correct Answer:
Verified
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