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​ ​ Exhibit 16A-2 Macro AD/AS Models

Question 85

Multiple Choice

​ ​ Exhibit 16A-2 Macro AD/AS Models
​
​ ​ Exhibit 16A-2 Macro AD/AS Models ​ ​ In Panel (a) of Exhibit 16A-2, an expansionary Keynesian government stabilization policy designed to move the economy from Y<sub>1</sub> to Y<sub>p</sub> would shift the: A) ​aggregate demand curve (AD) to the left. B) ​aggregate demand curve (AD) to the right. C) ​SRAS rightward. D) ​LRAS rightward.
​ In Panel (a) of Exhibit 16A-2, an expansionary Keynesian government stabilization policy designed to move the economy from Y1 to Yp would shift the:


A) ​aggregate demand curve (AD) to the left.
B) ​aggregate demand curve (AD) to the right.
C) ​SRAS rightward.
D) ​LRAS rightward.

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