Using the Aggregate Demand - Aggregate Supply model, which of the following could cause a recession? A. A shift to the right of the aggregate supply curve. B. A shift to the right of the aggregate demand curve. O C. A shift to the left of the aggregate demand curve. D. A movement up along the aggregate supply curve.
Using the Aggregate Demand - Aggregate Supply model, which of the following could cause a recession? A. A shift to the right of the aggregate supply curve. B. A shift to the right of the aggregate demand curve. O C. A shift to the left of the aggregate demand curve. D. A movement up along the aggregate supply curve.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter24: The Aggregate Demand/aggregate Supply Model
Section: Chapter Questions
Problem 3SCQ: The short run aggregate supply curve was constructed assuming that as the price of outputs...
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