The figure given below represents the long-run equilibrium in the aggregate demand and aggregate supply model.
Figure 8.2

-Refer to Figure 8.2. The combination of rising prices and falling output is known as stagflation. This phenomenon is represented by which of the following shifts?
A) $L R A S_{2} \text { to } L R A S_{1}$
B)$A D _ { 1 } \text { to } A D _ { 2 }$
C)$A D _ { 2 } \text { to } A D _ { 1 }$
D) $L R A S _ { 1 } \text { to } L R A S _ { 2 }$
E) The combination oftoand to

Question

The figure given below represents the long-run equilibrium in the aggregate demand and aggregate supply model.
Figure 8.2
 
-Refer to Figure 8.2. The combination of rising prices and falling output is known as stagflation. This phenomenon is represented by which of the following shifts?
A) $L R A S_{2} \text { to } L R A S_{1}$ 
B)$A D _ { 1 } \text { to } A D _ { 2 }$ 
C)$A D _ { 2 } \text { to } A D _ { 1 }$ 
D) $L R A S _ { 1 } \text { to } L R A S _ { 2 }$ 
E) The combination oftoand to

Quizplus · Accepted Answer

The Answer of The figure given below represents the long-run equilibrium in the aggregate demand and aggregate supply model.
Figure 8.2
 
-Refer to Figure 8.2. The combination of rising prices and falling output is known as stagflation. This phenomenon is represented by which of the following shifts?
A) $L R A S_{2} \text { to } L R A S_{1}$ 
B)$A D _ { 1 } \text { to } A D _ { 2 }$ 
C)$A D _ { 2 } \text { to } A D _ { 1 }$ 
D) $L R A S _ { 1 } \text { to } L R A S _ { 2 }$ 
E) The combination oftoand to

The Figure Given Below Represents the Long-Run Equilibrium in the Aggregate