Exhibit 10.9

-Refer to Exhibit 10.9, which shows the long-run equilibrium in the aggregate demand-aggregate supply model. Which of the following changes is depicted by the movement from Y₁ to Y₂?
A) an increase in long-run aggregate supply
B) an increase in short-run aggregate supply
C) a decrease in short-run aggregate supply
D) a decrease in long-run aggregate supply
E) an increase in the aggregate quantity demanded

Question

Exhibit 10.9
 
-Refer to Exhibit 10.9, which shows the long-run equilibrium in the aggregate demand-aggregate supply model. Which of the following changes is depicted by the movement from Y₁ to Y₂?
A) an increase in long-run aggregate supply 
B) an increase in short-run aggregate supply 
C) a decrease in short-run aggregate supply 
D) a decrease in long-run aggregate supply 
E) an increase in the aggregate quantity demanded

Quizplus · Accepted Answer

The Answer of Exhibit 10.9
 
-Refer to Exhibit 10.9, which shows the long-run equilibrium in the aggregate demand-aggregate supply model. Which of the following changes is depicted by the movement from Y₁ to Y₂?
A) an increase in long-run aggregate supply 
B) an increase in short-run aggregate supply 
C) a decrease in short-run aggregate supply 
D) a decrease in long-run aggregate supply 
E) an increase in the aggregate quantity demanded

Exhibit 10.9 -Refer to Exhibit 10.9, Which Shows the Long-Run Equilibrium in the Long-Run