Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:1. Which of the following could cause a shift from AD to AD₁, ceteris
paribus?
PRICE LEVEL
a
a
Figure 10.1
REAL OUTPUT
($ billions per year)
B) an increase in exports
A) a decrease in investment
AD
OC) an increase in consumer confidence
OD) an increase in consumption
AS
4
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