Refer to the Figure Given Below

question 80

Multiple Choice

Refer to the figure given below. In the above figure, AD₁ and AS₁ represent the original aggregate demand and aggregate supply curves, respectively.AD₂ and AS₂ show the new aggregate demand and aggregate supply curves.At the original equilibrium price and quantity, this economy is experiencing:

• A)inflation.
• B)economic growth.
• C)full employment.
• D)less than full-capacity output.

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