Refer to the Diagram Below

question 1

Multiple Choice

Refer to the diagram below. A shift of the aggregate demand curve from AD₁ to AD₀ might be caused by a(n) :

• A)increase in the price level.
• B)increase in the price of resources.
• C)increase in investment spending.
• D)decrease in net export spending.

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Definitions:

Loyalty Day

An annual observance in the United States on May 1st to reaffirm loyalty to the United States and to recognize the heritage of American freedom.

Melting-Pot

A metaphor for a heterogeneous society becoming more homogeneous, with different elements melting together into a harmonious whole with a common culture.

Garveyites

Followers of Marcus Garvey and his philosophy of black nationalism and Pan-Africanism in the early 20th century.

Self-Reliance

A philosophical and social principle that emphasizes the importance of individuals relying on their own capabilities and resources rather than depending on external support.