Refer to the information provided in Figure 25.2 below to answer the question(s) that follow. Figure 25.2
-Refer to Figure 25.2. An increase in nominal income could be represented by a movement from Point ________ to Point ________.

Question

Refer to the information provided in Figure 25.2 below to answer the question(s) that follow.  Figure 25.2
-Refer to Figure 25.2. An increase in nominal income could be represented by a movement from Point ________ to Point ________.

Quizplus · Accepted Answer

An increase in nominal income would shift the aggregate expenditure curve to the right, from point A to point B.

Refer to the Information Provided in Figure 25