AS, AS2 AD 2 AD1 Output y Figure 9.2 Quld he sOUC n cimu ot from no Price level P

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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23, 24, 25

23) A movement from point a to point c could be caused by a(n)
A) increase in government spending. C) increase in taxes.
B) increase in the price of oil.
D) increase in short-run aggregate supply.
24) A movement from point c to point d could be caused by a(n)
A) decrease in government spending.
B) decrease in the price of oil.
C) increase in taxes.
D) decrease in aggregate demand.
AS.
AS,
AD 2
AD
Output y
Figure 9.2
25) A movement from point c to point b could be caused by a simultaneous
A) increase in taxes; decrease in government spending
B) decrease in taxes; increase in the price of oil
C) decrease in government spending; decrease in the price of oil
D) increase in government spending; increase in the money supply
? _and
?_.
Price level P
Transcribed Image Text:23) A movement from point a to point c could be caused by a(n) A) increase in government spending. C) increase in taxes. B) increase in the price of oil. D) increase in short-run aggregate supply. 24) A movement from point c to point d could be caused by a(n) A) decrease in government spending. B) decrease in the price of oil. C) increase in taxes. D) decrease in aggregate demand. AS. AS, AD 2 AD Output y Figure 9.2 25) A movement from point c to point b could be caused by a simultaneous A) increase in taxes; decrease in government spending B) decrease in taxes; increase in the price of oil C) decrease in government spending; decrease in the price of oil D) increase in government spending; increase in the money supply ? _and ?_. Price level P
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