Exhibit 10.9

-Refer to Exhibit 10.9, which shows the long-run equilibrium in the aggregate demand-aggregate supply model. The movement from Y₁ to Y₂ in this exhibit could have been caused by a(n) _____
A) decrease in the size of the labor force.
B) decrease in the price level.
C) positive level of net investment.
D) increase in autonomous consumption.
E) decrease in autonomous consumption.

Question

Exhibit 10.9
 
-Refer to Exhibit 10.9, which shows the long-run equilibrium in the aggregate demand-aggregate supply model. The movement from Y₁ to Y₂ in this exhibit could have been caused by a(n) _____
A) decrease in the size of the labor force. 
B) decrease in the price level. 
C) positive level of net investment. 
D) increase in autonomous consumption. 
E) decrease in autonomous consumption.

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. The movement from Y₁ to Y₂ in this exhibit could have been caused by a(n) _____
A) decrease in the size of the labor force. 
B) decrease in the price level. 
C) positive level of net investment. 
D) increase in autonomous consumption. 
E) decrease in autonomous consumption.

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