Solved

Figure 34-7 -Refer to Figure 34-7. Which of the Following Is Correct

Question 196

Multiple Choice

Figure 34-7 Figure 34-7   -Refer to Figure 34-7. Which of the following is correct? A)  A wave of optimism could move the economy from point a to point b. B)  If aggregate demand moves from AD1 to AD2, the economy will stay at point b in both the short run and long run. C)  It is possible that either fiscal or monetary policy might have caused the shift from AD1 to AD2. D)  All of the above are correct.
-Refer to Figure 34-7. Which of the following is correct?


A) A wave of optimism could move the economy from point a to point b.
B) If aggregate demand moves from AD1 to AD2, the economy will stay at point b in both the short run and long run.
C) It is possible that either fiscal or monetary policy might have caused the shift from AD1 to AD2.
D) All of the above are correct.

Correct Answer:

verifed

Verified

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

Related Questions