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The Figure Shown Displays Various Economic Outcomes

Question 140

Multiple Choice

The figure shown displays various economic outcomes. The figure shown displays various economic outcomes. If the aggregate demand curve shifts from AD<sub>2</sub> to AD<sub>1</sub>, the resulting price and output in the short run would be: A) P <sub>1</sub> and Y <sub>1</sub>. B) P <sub>3</sub> and Y <sub>1</sub>. C) P <sub>4</sub> and Y <sub>1</sub>. D) P <sub>4</sub> and Y <sub>2</sub>. If the aggregate demand curve shifts from AD2 to AD1, the resulting price and output in the short run would be:


A) P 1 and Y 1.
B) P 3 and Y 1.
C) P 4 and Y 1.
D) P 4 and Y 2.

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