Multiple Choice
Scenario 14-1. The economy is in long-run equilibrium. Suddenly, due to improved international relations and the increased confidence of policymakers, citizens become more optimistic about the future and stay this way for a long time.
-Refer to Scenario 14-1. Initially, which curve shifts in which direction?
A) AD shifts right.
B) AD shifts left.
C) Short-run AS shifts right.
D) Short-run AS shifts left.
Correct Answer:
Verified
Correct Answer:
Verified
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