menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Macroeconomics Study Set 8
  4. Exam
    Exam 20: Aggregate Demand and Aggregate Supply: Two Causes of Economic Fluctuations
  5. Question
    Figure 33-8. -Refer to Figure 33-8.Suppose the Economy Starts at Z.If Changes
Solved

Figure 33-8. -Refer to Figure 33-8.Suppose the Economy Starts at Z.If Changes

Question 100

Question 100

Multiple Choice

Figure 33-8. 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 P<sub>3</sub> and Y<sub>3</sub> ,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.
-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:

verifed

Verified

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

Related Questions

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

Q104: Recessions in Canada and Mexico would cause<br>A)the

Q105: Economic expansions in Europe and China would

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