Figure 33-1

-Which of the following is true about the economy depicted in Figure 33-1?
A)Economy is experiencing supply-side inflation.
B)Policymakers have chosen to fight inflation rather than unemployment.
C)The increase in aggregate demand has increased prices but not real GDP.
D)The slope of the aggregate supply curve embodies the trade-off between unemployment and inflation.

Question

Figure 33-1
​ 
-Which of the following is true about the economy depicted in Figure 33-1?
A)Economy is experiencing supply-side inflation. 
B)Policymakers have chosen to fight inflation rather than unemployment. 
C)The increase in aggregate demand has increased prices but not real GDP. 
D)The slope of the aggregate supply curve embodies the trade-off between unemployment and inflation.

Quizplus · Accepted Answer

The Answer of Figure 33-1
​ 
-Which of the following is true about the economy depicted in Figure 33-1?
A)Economy is experiencing supply-side inflation. 
B)Policymakers have chosen to fight inflation rather than unemployment. 
C)The increase in aggregate demand has increased prices but not real GDP. 
D)The slope of the aggregate supply curve embodies the trade-off between unemployment and inflation.

Figure 33-1 ​

Figure 33-1