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Aggregate Demand and Supply Curves Have Been Widely Used to Analyze

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Aggregate demand and supply curves have been widely used to analyze the performance of the macroeconomy.Figure 5-3 shows four diagrams that represent different changes in the macroeconomy.Choose the diagram that best represents the situations described in the following questions.
Figure 5-3 Aggregate demand and supply curves have been widely used to analyze the performance of the macroeconomy.Figure 5-3 shows four diagrams that represent different changes in the macroeconomy.Choose the diagram that best represents the situations described in the following questions. Figure 5-3   -Which graph in Figure 5-3 best represents the supply-side shock of the 1970s oil crisis? A) 1 B) 2 C) 3 D) 4
-Which graph in Figure 5-3 best represents the supply-side shock of the 1970s oil crisis?


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