The Figure Given Below Depicts Long-Run Equilibrium in the Aggregate

question 35

Multiple Choice

The figure given below depicts long-run equilibrium in the aggregate demand-aggregate supply model.The movement from Y1 to Y2in this figure could have been caused by a:

• A)decrease in the size of the labor force.
• B)decrease in the price level.
• C)positive level of net investment.
• D)increase in autonomous consumption.
• E)decrease in autonomous consumption.

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Definitions:

Bermuda Grass

A type of turfgrass commonly used in warmer regions due to its high durability and resistance to heat.

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ANOVA

Analysis of Variance, a statistical method used to compare means of three or more samples to understand if at least one of them differs significantly from the others.