Figure 33-6 ​

question 171

Multiple Choice

Figure 33-6 ​
-Refer to Figure 33-6. Suppose the economy starts at A. If changes occur that move the economy to a new short-run equilibrium of P₁ and Y₁ , then it must be the case that

• A)short-run aggregate supply has decreased.
• B)short-run aggregate supply has increased.
• C)aggregate demand has increased.
• D)aggregate demand has decreased.

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Definitions:

Relationships

Connections or associations between individuals or entities, typically based on social, emotional, or professional interactions.

Process

A series of actions or steps taken to achieve an end.

Seeking Stability

The pursuit of consistency and reliability in one's life, work, or environment, often sought after in times of change or uncertainty.

Seeking Change

The pursuit of transformation or modification in processes, structures, or behaviors within an individual or organizational context.