The Figure Below Shows the Aggregate Demand and Supply Curves

question 2

Multiple Choice

The figure below shows the aggregate demand and supply curves for the U.S.The figure given below shows that the price level changes from _____ when the aggregate supply curve shifts from AS' to AS''.

• A)4 to 2
• B)2 to 3
• C)2 to 2
• D)3 to 1
• E)2 to 4

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Definitions:

Synergy

The increased effectiveness or achievement that results when individuals or groups work together compared to when they work separately.

Stereotyping

The act of ascribing a fixed, oversimplified, and often exaggerated or prejudiced image or idea to a person or group.

Win-Win

A situation or outcome where all parties involved gain or achieve benefit.

Gender Egalitarianism

The belief in the equality of all genders, advocating for equal rights, responsibilities, and opportunities.