Assume the Economy Is Initially in Equilibrium on AD₂ and AS₂.Which

question 65

Multiple Choice

Assume the economy is initially in equilibrium on AD₂ and AS₂.Which curve would have shifted,and in what direction would it have shifted,if a new equilibrium were to occur at an output level of $300 billion and a price level of P₃ in Figure 8.3?

• A)Aggregate supply would have shifted to the left.
• B)Aggregate supply would have shifted to the right.
• C)Aggregate demand would have shifted to the left.
• D)Aggregate demand would have shifted to the right.

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Definitions:

Strategic Goals

Long-term objectives that an organization or individual aims to achieve, which are critical for guiding decision-making and overall direction.

Customer

An individual or organization that purchases goods or services from another business.

Strategic Customer Relationship

The deliberate approach to managing a company's interactions with current and future customers to improve loyalty and engagement.

Preapproach

A preparatory stage in the selling process where a salesperson researches and plans strategies to approach potential customers.