Figure 91 Shows Three Aggregate Demand Curves

question 3

Multiple Choice

Figure 9.1 shows three aggregate demand curves. A movement from curve AD1 to curve AD2 could be caused by a(n)

• A) increase in the money supply.
• B) increase in taxes.
• C) increase in the price level.
• D) decrease in government spending.

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Definitions:

Labour Market

The supply and demand for workers, in which employees look for employment and employers seek candidates.

Numerical Estimate

A quantified approximation or prediction about a certain quantity or outcome.

HR Requirements

The specific needs or qualifications an organization requires from its human resources including skills, experience, and education for employment.

Time Horizon

The length of time over which an investment, project, or strategy is planned or expected to occur or be effective.