Using Figure 48.1, modeling the attacks of September 11, 2001, you would show the aggregate demand shock by using Figure 48.1
A. Panel 2 only with a shift from ASA to ASB.
B. Panel 1 only with a shift from ADB to ADA.
C. Panel 1 only with a shift from ADA to ADB.
D. Panel 1 to model the aggregate demand shock (ADB to ADA) and Panel 2 to model the aggregate supply shock (ASB to ASA).
Answer: B
Economics
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