Exhibit 14-7 Aggregate supply and demand curves

-In Exhibit 14-7,if aggregate demand increases from AD₁ to AD₂,
A) output and prices will increase.
B) output and prices will decrease.
C) output alone will increase.
D) prices alone will decrease.
E) prices alone will increase.

Question

Exhibit 14-7 Aggregate supply and demand curves
 
-In Exhibit 14-7,if aggregate demand increases from AD₁ to AD₂,
A) output and prices will increase. 
B) output and prices will decrease. 
C) output alone will increase. 
D) prices alone will decrease. 
E) prices alone will increase.

Quizplus · Accepted Answer

The Answer of Exhibit 14-7 Aggregate supply and demand curves
 
-In Exhibit 14-7,if aggregate demand increases from AD₁ to AD₂,
A) output and prices will increase. 
B) output and prices will decrease. 
C) output alone will increase. 
D) prices alone will decrease. 
E) prices alone will increase.

Exhibit 14-7 Aggregate Supply and Demand Curves