Multiple Choice
Pessimism
Suppose the economy is in long-run equilibrium. Then because of corporate scandal, international tensions, and loss of confidence in policymakers, people become pessimistic regarding the future and retain that level of pessimism for some time.
-Refer to Figure 33-7.Suppose the economy starts at Y.If aggregate demand increases from AD2 to AD3,then the economy moves to
A) V.
B) W.
C) X.
D) Z.
Correct Answer:
Verified
Correct Answer:
Verified
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Q99: Figure 33-5. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 33-5.
Q100: Figure 33-8. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 33-8.
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