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​ Exhibit 10A-1 Aggregate Demand and Supply Model

Question 27

Multiple Choice

​ Exhibit 10A-1 Aggregate demand and supply model
​ Exhibit 10A-1 Aggregate demand and supply model ​ Beginning in Exhibit 10A-1 from long-run equilibrium at point E<sub>1</sub>, the aggregate demand curve shifts to AD<sub>2</sub> . The economy's path to a new long-run equilibrium is represented by a movement from: A) ​E<sub> 3 </sub> to E<sub> 1 </sub> to E<sub> 2 </sub>. B) ​E<sub> 1 </sub> to E<sub> 3 </sub> to E<sub> 2 </sub>. C) ​E<sub> 2 </sub> to E<sub> 1 </sub> to E<sub> 2 </sub>. D) ​E<sub> 1 </sub> to E<sub> 2 </sub> to E<sub> 3 </sub>.
​ Beginning in Exhibit 10A-1 from long-run equilibrium at point E1, the aggregate demand curve shifts to AD2 . The economy's path to a new long-run equilibrium is represented by a movement from:


A) ​E 3 to E 1 to E 2 .
B) ​E 1 to E 3 to E 2 .
C) ​E 2 to E 1 to E 2 .
D) ​E 1 to E 2 to E 3 .

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