Using Figure 1 Above, If the Aggregate Demand Curve Shifts

question 149

Multiple Choice

Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the short run would be:

• A) P1 and Y2.
• B) P3 and Y1.
• C) P2 and Y3.
• D) P2 and Y2.

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Definitions:

Pancreas

The pancreas is an organ involved in digestion and blood sugar regulation, producing digestive enzymes and insulin, respectively.

Duodenum

The first section of the small intestine immediately beyond the stomach, where the majority of chemical digestion takes place.

Gallbladder

A small, pear-shaped organ located beneath the liver, which stores and concentrates bile, a digestive enzyme produced by the liver.

Salivary Glands

Glands located in the mouth that produce saliva, which begins the process of digestion and keeps the mouth and other parts of the digestive system moist.