Multiple Choice
Figure 33-8.
-Refer to Figure 33-8.Suppose the economy starts at Z.If changes occur that move the economy to a new short run equilibrium of P3 and Y3 ,then it must be the case that
A) short run aggregate supply has decreased.
B) short run aggregate supply has increased.
C) aggregate demand has increased.
D) aggregate demand has decreased.
Correct Answer:

Verified
Correct Answer:
Verified
Q95: Figure 33-5. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 33-5.
Q96: When production costs rise,<br>A)the short-run aggregate supply
Q97: Consider the exhibit below for the following
Q98: Pessimism<br>Suppose the economy is in long-run equilibrium.
Q99: Figure 33-5. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 33-5.
Q101: Pessimism<br>Suppose the economy is in long-run equilibrium.
Q102: Pessimism<br>Suppose the economy is in long-run equilibrium.
Q103: Consider the exhibit below for the following
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Q105: Economic expansions in Europe and China would