Figure 12.2: -Using Figure 12.2,if Q₂ represents full employment,then a shift from AD₁ to: A) AD₂ takes the economy past full employment to equilibrium at point Y. B) AD₂ closes the GDP gap. C) AD₃ results in a full-employment equilibrium at point W. D) AD₃ takes the economy past full employment to equilibrium at point Z.

Question

Quizplus · Accepted Answer

The Answer of Figure 12.2: -Using Figure 12.2,if Q₂ represents full employment,then a shift from AD₁ to: A) AD₂ takes the economy past full employment to equilibrium at point Y. B) AD₂ closes the GDP gap. C) AD₃ results in a full-employment equilibrium at point W. D) AD₃ takes the economy past full employment to equilibrium at point Z.