Use the Following to Answer Questions

question 113

Multiple Choice

Use the following to answer questions .
Exhibit: Using the Aggregate Demand/Aggregate Supply Model 1
-(Exhibit: Using the Aggregate Demand/Aggregate Supply Model 1) Suppose the economy is initially in short-run equilibrium at B. A shift from AD₁ to AD₂ could have been caused by all of the following except

• A) an increase in consumer optimism.
• B) economic prosperity in foreign economies.
• C) a personal income tax cut.
• D) an increase in the price level from P_a to P_b.

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Definitions:

Survival System

Strategies or mechanisms developed by individuals or groups to ensure their continued existence and well-being in the face of challenges or threats.

Behavior

The actions or reactions of an organism or system, often in response to external stimuli, encompassing a wide range of activities and responses.

Survival of the Fittest

A concept in natural selection suggesting that individuals or species that are most adaptable to their environment have a better chance of surviving and reproducing.

Charles Darwin

A 19th-century English naturalist, geologist, and biologist best known for his contributions to the science of evolution by natural selection.