Multiple Choice
Figure 16-3
-Refer to Figure 16-3. Where does an increase in aggregate demand move the economy from c and 3 to, in the short run and the long run?
A) a and 1 in the short run, b and 2 in the long run
B) b and 2 in the short run, a and 1 in the long run
C) d and 4 in the short run, e and 5 in the long run
D) d and 2 in the short run, a and 5 in the long run
Correct Answer:

Verified
Correct Answer:
Verified
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Q148: Figure 16-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Figure 16-1
Q150: Figure 16-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Figure 16-4
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Q152: Figure 16-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Figure 16-4