Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD1 the result in the long run would be:

A. P4 and Y1.
B. P4 and Y2.
C. P5 and Y1.
D. P5 and Y2.

Answer: D

Economics

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The range of values in which we can be confident that the true regression coefficient lies within a given degree of probability is called a:

A) prediction interval. B) confidence interval. C) logistic regression. D) none of the above.

Economics

If the U.S. dollar depreciates in the foreign exchange market, American exports will be __________ and American imports will be __________

a. more expensive; more expensive b. cheaper; cheaper c. less expensive; less expensive d. less expensive; more expensive e. there will be no change

Economics