The Movements of Real GDP and Inflation During the 1973-1975

question 172

Multiple Choice

The movements of real GDP and inflation during the 1973-1975 recession can be best explained by a

• A)rightward shift of the aggregate demand curve.
• B)leftward shift of the aggregate demand curve.
• C)rightward shift of the aggregate supply curve.
• D)leftward shift of the aggregate supply curve.

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