Multiple Choice
Refer to the information provided in Figure 11.8 below to answer the questions that follow. Figure 11.8
-Refer to Figure 11.8. If the economy is at point A currently producing Y0 and the Z factors increase, the economy will move to Point ________ in the short run and to Point ________ in the long run.
A) B; C
B) D; E
C) E; D
D) C; B
Correct Answer:

Verified
Correct Answer:
Verified
Q220: Other things equal, an increase in government
Q221: The IS curve shows combinations of output
Q222: When the general price level rises,<br>A) consumption
Q223: To increase output the government could<br>A) adopt
Q224: An oil price increase would<br>A) increase aggregate
Q226: An increase in aggregate demand when the
Q227: The level of output determined by the
Q228: Potential output is the same as long-run
Q229: If the economy produces full employment output,
Q230: If input prices changed at exactly the