Multiple Choice
Figure 17-8. The left-hand graph shows a short-run aggregate-supply (SRAS) curve and two aggregate-demand (AD) curves. On the right-hand diagram, "Inf Rate" means "Inflation Rate."
-Refer to Figure 17-8. A movement of the economy from point A to point B, and at the same time a movement from point C to point D, would be described as
A) the outcome of a favorable supply shock.
B) falling inflation.
C) stagflation.
D) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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