Exhibit: AD-AS Shifts Starting from Long-Run Equilibrium at a with Output

question 10

Multiple Choice

Exhibit: AD-AS Shifts Starting from long-run equilibrium at A with output equal to and the price level equal to P₁, if there is an unexpected monetary contraction that shifts aggregate demand from AD₁ to AD₃, then the short-run nonneutrality of money is represented by the movement from:

• A)A to B
• B)A to G
• C)A to C
• D)A to D

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