Use the following graph to answer the next question.Suppose an economy's full employment output is at the level Qf shown on the graph. Further, suppose the economy's current aggregate demand is represented by AD1. If the government swiftly implements a stimulus program that immediately shifts the economy's aggregate demand to AD2, the aggregate demand in the short-to-medium term would be most closely represented by
A. AD0.
B. AD1.
C. AD2.
D. AD3.
Answer: D
Economics
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According to your textbook authors, laws restricting competitors
A) restrict competition. B) reduce greed. C) promote economic fairness. D) improve the alternatives available to customers.
Economics
Workers in industries protected by tariffs and quotas are likely to support these trade restrictions because
A) they do not want to offend their employers who want them. B) they believe the restrictions will protect their jobs. C) politicians lobby to convince workers the restrictions will make them better off. D) they don't understand that the restrictions will threaten their jobs.
Economics