Using Figure 1 Above, If the Aggregate Demand Curve Shifts

question 35

Multiple Choice

Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 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:

LAN

Stands for Local Area Network, a computer network that interconnects computers within a limited area such as a residence, school, or office building, facilitating communication and resource sharing.

WAN

An acronym for Wide Area Network, it's a telecommunications network that extends over a large geographic area for the purpose of computer networking.

MAN

Metropolitan Area Network, a network that spans a city or campus, providing connectivity to a large number of computers in a large geographical area.

Fiber-optic Cable

A type of cable made of glass fibers that transmits data at high speeds using light signals.