Diagram 1 ​ Refer to Diagram 1 Above, a Shift

question 55

Multiple Choice

Diagram 1 ​ Refer to Diagram 1 above, a shift in aggregate demand would lead to a substantial drop in inflation and for a moderate decline in national income in the case of:

• A) AD₄ to AD₃
• B) AD₂ to AD₃
• C) AD₄ to AD₅
• D) AD₅ to AD₄

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