The Figure Given Below Represents the Long-Run Equilibrium in the Aggregate

question 65

Multiple Choice

The figure given below represents the long-run equilibrium in the aggregate demand and aggregate supply model.?Figure 8.2

-Refer to Figure 8.2. Suppose major oil-exporting countries restrict oil output, thus increasing the price of oil. In the figure this would be represented by:

• A) a movement from A to C.
• B) a movement from A to B to C.
• C) a movement from B to C.
• D) a movement from B to A.
• E) a movement from C to A.

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