-Refer to Figure 15-1.Assume the economy is in equilibrium at $7 trillion.If the changes in all three graphs were caused by the same event,what was that event?
A) An increase in nominal income
B) An increase in the price level
C) An increase in the interest rate
D) An increase in taxes
E) An increase in real income.

Question

-Refer to Figure 15-1.Assume the economy is in equilibrium at $7 trillion.If the changes in all three graphs were caused by the same event,what was that event?
A) An increase in nominal income 
B) An increase in the price level 
C) An increase in the interest rate 
D) An increase in taxes 
E) An increase in real income.

Quizplus · Accepted Answer

The Answer is B