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Exhibit 14A-1  Aggregate Demand and Supply Model Based on Exhibit

Question 80

Multiple Choice

Exhibit 14A-1  Aggregate demand and supply model Exhibit 14A-1  Aggregate demand and supply model Based on Exhibit 14A-1, when the aggregate demand curve shifts to the position AD<sub>2</sub> and the economy is operating at point E<sub>2</sub>, the economy's position of long-run equilibrium corresponds to point: A) E<sub>1</sub>. B) E<sub>2</sub>. C) E<sub>3</sub>. D) E<sub>1</sub> or E<sub>3</sub>. Based on Exhibit 14A-1, when the aggregate demand curve shifts to the position AD2 and the economy is operating at point E2, the economy's position of long-run equilibrium corresponds to point:


A) E1.
B) E2.
C) E3.
D) E1 or E3.

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