Multiple Choice
Refer to the graphs. Assume that the economy is initially at equilibrium where AD and AS intersect
In Graph 1, and also assume that the economy is initially at point C in Graph 2. A movement from
Point C to point B in graph 2 would most likely be associated, in graph 1, with a shift of
A) AD to the right.
B) AD to the left.
C) AS to the right.
D) AS to the left.
Correct Answer:

Verified
Correct Answer:
Verified
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