Multiple Choice
Refer to the information provided in Figure 11.4 below to answer the questions that follow. Figure 11.4
-Refer to Figure 11.4. Which of the following causes the economy to move from Point A to Point E?
A) an oil embargo that increases the price of oil
B) technological progress
C) an influx of immigrants
D) an increase in the price level
Correct Answer:

Verified
Correct Answer:
Verified
Q114: If the United States were to pass
Q115: When the aggregate supply curve is _
Q116: A movement up the aggregate supply curve
Q117: Government spending is a variable that is
Q118: An increase in the price level cause
Q120: Refer to the information provided in Figure
Q121: To decrease the price level the government
Q122: An oil price decrease would<br>A) increase aggregate
Q123: Other things equal, a decrease in government
Q124: To decrease output the government could<br>A) adopt