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Refer to the Graphs Above

Question 11

Multiple Choice

Refer to the graphs above. Assume that the economy is initially at equilibrium where AD<sub>2</sub> and AS intersect in Graph 1, and also assume that the economy is initially at point C in Graph 2. A movement from point C to point B in graph 2 would most likely be associated, in graph 1, with a shift of: A) AD to the right B) AD to the left C) AS to the right D) AS to the left Refer to the graphs above. Assume that the economy is initially at equilibrium where AD2 and AS intersect in Graph 1, and also assume that the economy is initially at point C in Graph 2. A movement from point C to point B in graph 2 would most likely be associated, in graph 1, with a shift of:


A) AD to the right
B) AD to the left
C) AS to the right
D) AS to the left

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