Figure 15-2.

-Refer to Figure 15-2. Starting from point B and assuming that aggregate demand is held constant, in the long run the economy is likely to experience
A) a falling price level and a falling level of output.
B) a falling price level and a rising level of output.
C) a rising price level and a falling level of output.
D) a rising price level and a rising level of output.

Question

Figure 15-2.
 
-Refer to Figure 15-2. Starting from point B and assuming that aggregate demand is held constant, in the long run the economy is likely to experience
A) a falling price level and a falling level of output. 
B) a falling price level and a rising level of output. 
C) a rising price level and a falling level of output. 
D) a rising price level and a rising level of output.

Quizplus · Accepted Answer

The Answer of Figure 15-2.
 
-Refer to Figure 15-2. Starting from point B and assuming that aggregate demand is held constant, in the long run the economy is likely to experience
A) a falling price level and a falling level of output. 
B) a falling price level and a rising level of output. 
C) a rising price level and a falling level of output. 
D) a rising price level and a rising level of output.

Figure 15-2. -Refer to Figure 15-2. Starting from Point B and Assuming