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Refer to Figure 18

Question 26

Multiple Choice

Refer to Figure 18.1.Which of the following would most likely cause a shift from AD<sub>3</sub> to AD<sub>2</sub>? A) An increase in transfer payments because of a recession. B) An increase in the reserve ratio. C) A decrease in the discount rate. D) An increase in taxes. Refer to Figure 18.1.Which of the following would most likely cause a shift from AD3 to AD2?


A) An increase in transfer payments because of a recession.
B) An increase in the reserve ratio.
C) A decrease in the discount rate.
D) An increase in taxes.

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