The Figure Below Shows the Aggregate Demand Curve, the Long-Run

question 65

Multiple Choice

The figure below shows the aggregate demand curve, the long-run aggregate supply curve, and the short-run aggregate supply curve in an economy. Based on the figure, if an increase in aggregate demand from AD₀ to AD₁ is unanticipated, the economy will move from point A to point _____in the short run.​Figure-1

• A)A
• B)B
• C)E
• D)F

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Definitions:

Trait Approach

A perspective in leadership studies that identifies specific qualities or characteristics that distinguish leaders from non-leaders.

Leader

A person who guides or directs a group towards achieving a common goal.

Followers

Individuals who accept the guidance, direction, or leadership of another person or group, often within a hierarchical or organizational context.

Situation

A set of circumstances or a context within which events occur, affecting decision-making and outcomes.