Multiple Choice
Use the following to answer questions :
Exhibit: AD-AS Shifts
-(Exhibit: AD-AS Shifts) Starting from long-run equilibrium at A with output equal to and the price level equal to P1, a demand-pull inflation would be represented by a shift from:
A) AD1 to AD2
B) AD1 to AD3
C) AS1 to AS2
D) AS1 to AS3
Correct Answer:

Verified
Correct Answer:
Verified
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