Figure 33-5
-Refer to Figure 33-5. Suppose the economy starts at Point Y. If aggregate demand increases from AD₂ to AD₃, then in the short run the economy moves to

Question

Figure 33-5 Figure 33-5 -Refer to Figure 33-5. Suppose the economy starts at Point Y. If aggregate demand increases from AD<sub>2</sub> to AD<sub>3</sub>, then in the short run the economy moves to A) Point V. B) Point X. C) Point W. D) Point Z.

Figure 33-5 -Refer to Figure 33-5. Suppose the economy starts at Point Y. If aggregate demand increases from AD<sub>2</sub> to AD<sub>3</sub>, then in the short run the economy moves to A) Point V. B) Point X. C) Point W. D) Point Z.

-Refer to Figure 33-5. Suppose the economy starts at Point Y. If aggregate demand increases from AD₂ to AD₃, then in the short run the economy moves to

Quizplus · Accepted Answer

In the short run, an increase in aggregate demand will lead to an increase in output and a higher price level. This is represented by a movement from Point Y to Point V.

Figure 33-5 ​

Figure 33-5