In the diagram, the economy's relevant aggregate demand and long-run aggregate supply curves, respectively, are lines:
A. 4 and 2.
B. 4 and 1.
C. 2 and 4.
D. 2 and 3.
B. 4 and 1.
Economics
You might also like to view...
All renters benefit from rent control and all landlords lose
Indicate whether the statement is true or false
Economics
If the MPC in an economy is .8, government could shift the aggregate demand curve rightward by $100 billion by:
A. increasing government spending by $25 billion. B. increasing government spending by $80 billion. C. decreasing taxes by $25 billion. D. decreasing taxes by $100 billion.
Economics