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- Refer to the Above Diagram

Question 7

Multiple Choice

- Refer to the above diagram. A contractionary fiscal policy can best be represented by a: A) shift in the aggregate demand curve from AD<sub>1</sub> to AD<sub>2</sub>. B) shift in the aggregate demand curve from AD<sub>3</sub> to AD<sub>2</sub>. C) shift in the aggregate demand curve from AD<sub>1</sub> to AD<sub>3</sub>. D) movement along the aggregate demand curve.
- Refer to the above diagram. A contractionary fiscal policy can best be represented by a:


A) shift in the aggregate demand curve from AD1 to AD2.
B) shift in the aggregate demand curve from AD3 to AD2.
C) shift in the aggregate demand curve from AD1 to AD3.
D) movement along the aggregate demand curve.

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