-Refer to the graph above to answer this question.If the economy was initially at point A,what would a movement to point B suggest?
A)The movement could be the result of an increase in aggregate demand.
B)The movement could be the result of an increase in prices.
C)The movement could be the result of an increase in nominal wages.
D)The movement could be the result of increased government spending.
E)The movement could be the result of a decrease in the costs of production.

Question

-Refer to the graph above to answer this question.If the economy was initially at point A,what would a movement to point B suggest?
A)The movement could be the result of an increase in aggregate demand. 
B)The movement could be the result of an increase in prices. 
C)The movement could be the result of an increase in nominal wages. 
D)The movement could be the result of increased government spending. 
E)The movement could be the result of a decrease in the costs of production.

Quizplus · Accepted Answer

The Answer of 
-Refer to the graph above to answer this question.If the economy was initially at point A,what would a movement to point B suggest?
A)The movement could be the result of an increase in aggregate demand. 
B)The movement could be the result of an increase in prices. 
C)The movement could be the result of an increase in nominal wages. 
D)The movement could be the result of increased government spending. 
E)The movement could be the result of a decrease in the costs of production.

-Refer to the Graph Above to Answer This Question