Figure 9-3 -Refer to Figure 9-3.This Graph Depicts a Shift of Aggregate

question 155

Multiple Choice

Figure 9-3

-Refer to Figure 9-3.This graph depicts a shift of aggregate demand from AD₀ to AD₁.Which of the following has NOT occurred in this situation?

• A)The real gross domestic product has decreased.
• B)The economy represented here is in recession.
• C)The new, short-run equilibrium is at point E0.
• D)The price level has decreased.

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