Economic growth is shown in the AS-AD model as a Select one: O a. rightward shift in the short run AS curve. b. rightward shift in the AD curve. O C. rightward shift in the long run AS curve. O d. leftward shift in the short run AS curve.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Aggregate Demand (AD) is defined as C + I + G + (X-M). X refers to
Select one:
Oa. Y factor
O b. X factor
O c. export expenditure
O d. exchange
Economic growth is shown in the AS-AD model as a
Select one:
O a tightward shift in the short run AS curve.
O b.
rightward shift in the AD curve.
O c.
rightward shift in the long run AS curve.
O d.
leftward shift in the short run AS curve.
Transcribed Image Text:Aggregate Demand (AD) is defined as C + I + G + (X-M). X refers to Select one: Oa. Y factor O b. X factor O c. export expenditure O d. exchange Economic growth is shown in the AS-AD model as a Select one: O a tightward shift in the short run AS curve. O b. rightward shift in the AD curve. O c. rightward shift in the long run AS curve. O d. leftward shift in the short run AS curve.
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