The figure given below represents the equilibrium real GDP and price level in the aggregate demand and aggregate supply model.
Figure 8.3

-Refer to Figure 8.3. Movement from point B to point D could be initiated by:
A) a stock market crash that undermines consumer confidence.
B) a tax code changes that improve investor expectations.
C) a national emergency that increases government spending.
D) a higher net exports because of economic expansion in European countries.
E) a technological advancement.

Question

The figure given below represents the equilibrium real GDP and price level in the aggregate demand and aggregate supply model.
Figure 8.3
 
-Refer to Figure 8.3. Movement from point B to point D could be initiated by:
A) a stock market crash that undermines consumer confidence. 
B) a tax code changes that improve investor expectations. 
C) a national emergency that increases government spending. 
D) a higher net exports because of economic expansion in European countries. 
E) a technological advancement.

Quizplus · Accepted Answer

The Answer of The figure given below represents the equilibrium real GDP and price level in the aggregate demand and aggregate supply model.
Figure 8.3
 
-Refer to Figure 8.3. Movement from point B to point D could be initiated by:
A) a stock market crash that undermines consumer confidence. 
B) a tax code changes that improve investor expectations. 
C) a national emergency that increases government spending. 
D) a higher net exports because of economic expansion in European countries. 
E) a technological advancement.

The Figure Given Below Represents the Equilibrium Real GDP and Price