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

A. P1 and Y2.
B. P2 and Y3.
C. P3 and Y1.
D. P2 and Y2.

Answer: B

Economics

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Describe the difference between social interest theory of regulation and the capture theory of regulation

What will be an ideal response?

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In the figure above, at point A the consumer is willing to give up ________ pounds of pickles to get one additional pound of olives

A) 8 B) 6 C) 1 1/3 D) 2

Economics