Multiple Choice
Beginning at long-run equilibrium in the dynamic model of aggregate demand and aggregate supply, in the first period of a four-period positive demand shock, the DAS curve _____ and the DAD curve _____.
A) shifts upward; shifts rightward
B) does not shift; shifts rightward
C) does not shift; does not shift
D) shifts downward; shifts leftward
Correct Answer:
Verified
Correct Answer:
Verified
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