Figure 16-3
-Refer to Figure 16-3. Where does an increase in aggregate demand move the economy from c and 3 to, in the short run and the long run?
A)a and 1 in the short run, b and 2 in the long run
B)b and 2 in the short run, a and 1 in the long run
C)d and 4 in the short run, e and 5 in the long run
D)d and 2 in the short run, a and 5 in the long run

Question

Figure 16-3 
-Refer to Figure 16-3. Where does an increase in aggregate demand move the economy from c and 3 to, in the short run and the long run?
A)a and 1 in the short run, b and 2 in the long run 
B)b and 2 in the short run, a and 1 in the long run 
C)d and 4 in the short run, e and 5 in the long run 
D)d and 2 in the short run, a and 5 in the long run

Quizplus · Accepted Answer

The Answer of Figure 16-3 
-Refer to Figure 16-3. Where does an increase in aggregate demand move the economy from c and 3 to, in the short run and the long run?
A)a and 1 in the short run, b and 2 in the long run 
B)b and 2 in the short run, a and 1 in the long run 
C)d and 4 in the short run, e and 5 in the long run 
D)d and 2 in the short run, a and 5 in the long run

Figure 16-3 -Refer to Figure 16-3. Where Does an Increase in Aggregate