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Figure 12.4 -Refer to Figure 12.4. the Combination of Rising Prices and of Rising

Question 88

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Figure 12.4
Figure 12.4 -Refer to Figure 12.4. The combination of rising prices and falling output is known as stagflation. This phenomenon is represented by which of the following shifts? A) LRAS<sub>2 </sub>to LRAS<sub>1</sub> B) AD<sub>1 </sub>to AD<sub>2</sub> C) AD<sub>2 </sub>to AD<sub>1</sub> D) LRAS<sub>1 </sub>to LRAS<sub>2</sub> E) The combination of LRAS<sub>1 </sub>to LRAS<sub>2 </sub>and AD<sub>1 </sub>to AD<sub>2</sub>
-Refer to Figure 12.4. The combination of rising prices and falling output is known as stagflation. This phenomenon is represented by which of the following shifts?


A) LRAS2 to LRAS1
B) AD1 to AD2
C) AD2 to AD1
D) LRAS1 to LRAS2
E) The combination of LRAS1 to LRAS2 and AD1 to AD2

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