-In the Above Figure, the Economy Is at Point a When

question 111

Multiple Choice

-In the above figure, the economy is at point A when changes occur. If the new equilibrium has a price level of 100 and real GDP of $12.0 trillion, then it must be the case that

• A) aggregate supply has decreased.
• B) aggregate supply has increased.
• C) aggregate demand has increased.
• D) aggregate demand has decreased.

---

Definitions:

Counter Program

A software or embedded logic in PLC systems designed to count instances, events, or operations, often used for automation and control tasks.

Increments

Small increases or additions, especially used in the context of gradual adjustments in data values or programming loops.

Transition

A change from one state, condition, or phase to another, often used in control systems to describe signal or status changes.