Multiple Choice
The Economy in 2008
In the first half of June 2008 the effects of a housing and financial crisis and an increase in world prices of oil and foodstuffs were affecting the economy.
-Refer to The Economy in 2008.The effects of the housing and financial crises could be shown by shifting
A) aggregate demand to the right.
B) aggregate demand to the left.
C) aggregate supply to the right.
D) aggregate supply to the left.
Correct Answer:
Verified
Correct Answer:
Verified
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