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FIGURE 29-3 -Refer to Figure 29-3. the Movement of the Economy from Economy

Question 78

Multiple Choice

FIGURE 29-3 -Refer to Figure 29-3. The movement of the economy from E0 to E1 was likely caused by A) a positive demand shock due to an increase in investment. B) a positive supply shock caused by improved productivity. C) a negative demand shock caused by fall in consumption. D) a negative supply shock caused by higher input prices. E) an increase in the price level. FIGURE 29-3
-Refer to Figure 29-3. The movement of the economy from E0 to E1 was likely caused by

A) a positive demand shock due to an increase in investment.
B) a positive supply shock caused by improved productivity.
C) a negative demand shock caused by fall in consumption.
D) a negative supply shock caused by higher input prices.
E) an increase in the price level.

Correct Answer: