Using Figure 1 Above, If the Aggregate Demand Curve Shifts

question 153

Multiple Choice

Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the long run would be:

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

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Definitions:

Quantity Sunglasses

The total number of sunglasses that buyers are willing to purchase at a given price.

Supply Sugar

Refers to the total amount of sugar that producers are willing and able to sell at a given set of prices, over a specific period of time.

Price Sugar

The cost or value assigned to sugar, influenced by factors such as market demand, production costs, and supply levels.

Hurricane Andrew

A powerful and destructive category 5 Atlantic hurricane that struck the Bahamas, Florida, and Louisiana in August 1992.