Refer to Diagram 2 Below

question 9

Multiple Choice

Refer to Diagram 2 below.If supply side policies succeeded in shifting the aggregate supply curve to the right to AS₂ then a shift in aggregate demand curve from AD₁ to AD₂ would see national income Diagram 2

• A)rise from Y₁ to Yf₂.
• B)rise from Y₁ to Y₂.
• C)rise from Yf₁ to Yf₂.
• D)rise from Y₂ to Yf₂.

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Definitions:

Average Number

Represents the mean or central value of a set of numbers, calculated by dividing the sum of all the values by the number of values.

Poisson Distribution

A probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space.

Negative Exponential Distribution

A probability distribution used to model time between events in a Poisson process, indicating a constant rate of occurrence.

Average Arrival Rate

A metric used to measure the rate at which entities (customers, goods, etc.) arrive at a facility or system over a specified period.