Exhibit 14-3 Aggregate Supply and Demand Curves

question 98

Multiple Choice

Exhibit 14-3 Aggregate supply and demand curves

-As the aggregate demand curve shifts from AD₁ to AD₂ in Exhibit 14-3,the economy experiences:

• A)cost-push inflation.
• B)demand-pull inflation.
• C)wage-push inflation.
• D)hyperinflation.

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Definitions:

Land Use

The way in which and the purposes for which land is managed and used, including agricultural, residential, industrial, and recreational purposes.

Municipal Services

Public services provided by local governments, including water supply, sewage treatment, waste management, and more.

Cluster Housing

A residential development design where homes are built in close proximity to each other, often around shared open space, with the goal of preserving natural environmental features and providing a sense of community.

High-Density

Refers to a high level of mass per unit volume, often used in the context of populations, materials, or data storage.