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Based on Exhibit 14A-1,when the Aggregate Demand Curve Shifts to the Position

Question 3

Multiple Choice

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.

Correct Answer:

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