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Refer to the Figure Above

Question 69

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Refer to the figure above. A shift from AD<sub>2</sub> shifts to AD<sub>1</sub> would be consistent with what economic event in U.S. history? A) World War II in the 1940s B) Cost-push inflation in the mid-1970s C) Demand-pull inflation in the late 1960s D) Great Recession of 2007-2009 Refer to the figure above. A shift from AD2 shifts to AD1 would be consistent with what economic event in U.S. history?


A) World War II in the 1940s
B) Cost-push inflation in the mid-1970s
C) Demand-pull inflation in the late 1960s
D) Great Recession of 2007-2009

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