Beginning at Long-Run Equilibrium in the Dynamic Model of Aggregate

question 88

Multiple Choice

Beginning at long-run equilibrium in the dynamic model of aggregate demand and aggregate supply, in the first period of a four-period positive demand shock, the DAS curve _____ and the DAD curve _____.

• A) shifts upward; shifts rightward
• B) does not shift; shifts rightward
• C) does not shift; does not shift
• D) shifts downward; shifts leftward

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