On an Aggregate Demand and Aggregate Supply Graph, How Can

question 112

Multiple Choice

On an aggregate demand and aggregate supply graph, how can the stagflation of the 1970s be represented?  

• A) as a leftward shift of the aggregate supply curve 
• B) as a rightward shift of the aggregate supply curve 
• C) as a rise in the price level that caused an excess demand for output 
• D) as a rightward shift of the aggregate demand curve

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