Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter17: Production And Growth
Section: Chapter Questions
Problem 5CQQ
Related questions
Question
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5bb3d79e-d24a-4a45-9655-88f52996ecd2%2F8f03bca3-e5d3-436c-aa98-8c2300600dd2%2Fedoz0ej_processed.jpeg&w=3840&q=75)
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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