-Refer to Exhibit 16-4

question 27

Multiple Choice

-Refer to Exhibit 16-4.If LRAS₁ shifts to LRAS₂,and this causes AD₁ to shift to AD₂,economists would call this a

• A) rational expectations cycle.
• B) policy ineffectiveness proposition.
• C) short run Phillips curve.
• D) real business cycle.

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