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The Figure Given Below Represents the Long-Run Equilibrium in the Aggregate

Question 65

Multiple Choice

The figure given below represents the long-run equilibrium in the aggregate demand and aggregate supply model.?Figure 8.2
The figure given below represents the long-run equilibrium in the aggregate demand and aggregate supply model.?Figure 8.2    -Refer to Figure 8.2. Suppose major oil-exporting countries restrict oil output, thus increasing the price of oil. In the figure this would be represented by: A)  a movement from A to C. B)  a movement from A to B to C. C)  a movement from B to C. D)  a movement from B to A. E)  a movement from C to A.
-Refer to Figure 8.2. Suppose major oil-exporting countries restrict oil output, thus increasing the price of oil. In the figure this would be represented by:


A) a movement from A to C.
B) a movement from A to B to C.
C) a movement from B to C.
D) a movement from B to A.
E) a movement from C to A.

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