Refer to the Graph $A D _ { 1 }$ Intersects A

question 49

Multiple Choice

Refer to the graph. Assume that the economy is in initial equilibrium where AD $A D _ { 1 }$ intersects A
$A S _ { 1 }$ . If
There is an unanticipated increase in aggregate demand, then according to new classical
Economics, the economy will self-correct with a

• A) movement from point B to point A.
• B) movement from point A to point B.
• C) shift from A \(\mathrm { AS } _ { 1 } \text { to } A S _ { 2 }\)
• D) shift from AD \(A D _ { 2 } \text { to } A D _ { 1 }\)

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Definitions:

Total Processing Time

The sum of the time periods required to complete all stages of a manufacturing or production process.

Work Centre

A specific location where work tasks within a production process are carried out, often consisting of people, machines, and materials.

FCFS Dispatching Rule

First-Come, First-Served dispatching rule; a method of process queuing in which tasks are tackled in the order of their arrival.

Services

Intangible products such as maintenance, repair, advice, or entertainment that are consumed at the point of delivery.