Multiple Choice
The figure shows the determination of thr equilibrium price level and real GDP in an aggregate demand-aggregate supply model.Which of the following economic changes is depicted by a movement from point e to point e'?
Figure 10.6
A) An increase in short-run aggregate supply
B) An increase in long-run aggregate supply
C) A decrease in short-run aggregate supply
D) A decrease in long-run aggregate supply
E) An increase in the aggregate quantity demanded
Correct Answer:
Verified
Correct Answer:
Verified
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