QUESTION 3 Refer to the information provided in Figure 12.4 below to answer the questions that follow. 8. C. Price level D. AS₂ B Aggregate output Figure 12.4 ASO Refer to Figure 12.4. During the 2008-2009 recession, many firms in the United States reduced investment in new capital. If the economy was originally at Point A, this would have caused a movement to Point E. AS₁

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QUESTION 3
Refer to the information provided in Figure 12.4 below to answer the questions that follow.
0000
B.
AS₂
C.
D.
ASO
B AS₁
Refer to Figure 12.4. During the 2008-2009 recession, many firms in the United States reduced investment in new capital. If the economy
was originally at Point A, this would have caused a movement to Point
E.
AD
Aggregate output
Figure 12.4
Transcribed Image Text:QUESTION 3 Refer to the information provided in Figure 12.4 below to answer the questions that follow. 0000 B. AS₂ C. D. ASO B AS₁ Refer to Figure 12.4. During the 2008-2009 recession, many firms in the United States reduced investment in new capital. If the economy was originally at Point A, this would have caused a movement to Point E. AD Aggregate output Figure 12.4
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