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-Suppose the Economy Is at Point B

question 96

Multiple Choice

-Suppose the economy is at point B. If a recession in another country decreases exports, to what point might economy move in the short run? A) It stays at point B. B) It shifts to a point such as A. C) It shifts to a point such as C. D) None of the above answers are correct because it is the SAS curve that shifts, not the AD curve.
-Suppose the economy is at point B. If a recession in another country decreases exports, to what point might economy move in the short run?

Definitions:

Behavioral Economics

A domain within economics focused on analyzing how elements such as psychology, cognition, emotions, culture, and societal factors impact choices related to the economy.

Biology

The scientific study of life and living organisms.

Physics

The natural science that studies matter, its motion and behavior through space and time, and the related entities of energy and force.

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