The figure given below represents the equilibrium real GDP and price level in the aggregate demand and aggregate supply model. Figure 8.3 Refer to Figure 8.3.Movement from point B to point D could be initiated by:
A)a stock market crash that undermines consumer confidence.
B)a tax code changes that improve investor expectations.
C)a national emergency that increases government spending.
D)a higher net exports because of economic expansion in European countries.
E)a technological advancement.

Question

The figure given below represents the equilibrium real GDP and price level in the aggregate demand and aggregate supply model. Figure 8.3  Refer to Figure 8.3.Movement from point B to point D could be initiated by:
A)a stock market crash that undermines consumer confidence. 
B)a tax code changes that improve investor expectations. 
C)a national emergency that increases government spending. 
D)a higher net exports because of economic expansion in European countries. 
E)a technological advancement.

Quizplus · Accepted Answer

The Answer of The figure given below represents the equilibrium real GDP and price level in the aggregate demand and aggregate supply model. Figure 8.3  Refer to Figure 8.3.Movement from point B to point D could be initiated by:
A)a stock market crash that undermines consumer confidence. 
B)a tax code changes that improve investor expectations. 
C)a national emergency that increases government spending. 
D)a higher net exports because of economic expansion in European countries. 
E)a technological advancement.

The Figure Given Below Represents the Equilibrium Real GDP and Price