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The Figure Shown Displays Various Economic Outcomes

Question 37

Multiple Choice

The figure shown displays various economic outcomes. The figure shown displays various economic outcomes. If the aggregate demand curve shifts from AD<sub>3</sub> to AD<sub>2</sub>, the resulting price and output in the long run would be: A) P <sub>1</sub> and Y <sub>2</sub>. B) P <sub>3</sub> and Y <sub>2</sub>. C) P <sub>2</sub> and Y <sub>1</sub>. D) P <sub>3</sub> and Y <sub>1</sub>. If the aggregate demand curve shifts from AD3 to AD2, the resulting price and output in the long run would be:


A) P 1 and Y 2.
B) P 3 and Y 2.
C) P 2 and Y 1.
D) P 3 and Y 1.

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