menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Macroeconomics Study Set 22
  4. Exam
    Exam 16: Long-Run Macroeconomic Adjustments
  5. Question
    -Refer to the Above Graph
Solved

-Refer to the Above Graph

Question 14

Question 14

Multiple Choice

  -Refer to the above graph.The economy is at point B<sub>2</sub>,and aggregate demand increases.In the short run,the economy will: A)  stay at point B<sub>2</sub>. B)  move to point C<sub>2</sub> and in the long run to B<sub>3</sub>. C)  move to point B<sub>3</sub> and in the long run to C<sub>2</sub>. D)  move to point B<sub>1</sub> and in the long run to B<sub>1</sub>.
-Refer to the above graph.The economy is at point B2,and aggregate demand increases.In the short run,the economy will:


A) stay at point B2.
B) move to point C2 and in the long run to B3.
C) move to point B3 and in the long run to C2.
D) move to point B1 and in the long run to B1.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q10: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2474/.jpg" alt=" -Refer to the

Q12: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2474/.jpg" alt=" -Refer to the

Q13: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2474/.jpg" alt=" -The above diagram

Q15: The initial aggregate demand curve is AD<sub>1</sub>

Q16: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2474/.jpg" alt=" -Refer to the

Q18: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2474/.jpg" alt=" -Refer to the

Q34: If there is sufficient time for wage

Q45: The Phillips Curve suggests that, if government

Q92: Assuming prices and wages are flexible, a

Q100: The short-run aggregate supply curve is vertical,

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines