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    Business
  3. Study Set
    Fundamentals of Economics
  4. Exam
    Exam 12: Macroeconomic Equilibrium: Aggregate Demand and Supply
  5. Question
    Figure 12.2 -Consider the Economy Described in Figure 12.2. Assume That Equilibrium
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Figure 12.2 -Consider the Economy Described in Figure 12.2. Assume That Equilibrium

Question 24

Question 24

Multiple Choice

Figure 12.2
Figure 12.2    -Consider the economy described in Figure 12.2. Assume that equilibrium is at point A. Given AD<sub>1</sub>, a rightward shift of the aggregate supply curve would cause A)  unemployment to rise. B)  the price level to rise. C)  the equilibrium income level to fall. D)  business production to fall. E)  real GDP to rise.
-Consider the economy described in Figure 12.2. Assume that equilibrium is at point A. Given AD1, a rightward shift of the aggregate supply curve would cause


A) unemployment to rise.
B) the price level to rise.
C) the equilibrium income level to fall.
D) business production to fall.
E) real GDP to rise.

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