When prices do not change very much, the income-expenditure model can be used to understand economic fluctuation in the

Most excise taxes are

A. progressive. B. proportional. C. regressive.

Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the long run would be:

A. P2 and Y2. B. P1 and Y2. C. P4 and Y2. D. P1 and Y1.