Figure 23-2.
-Refer to Figure 23-2.Starting from point B and assuming that aggregate demand is held constant,in the long run the economy is likely to experience
A) a falling price level and a falling level of output.
B) a falling price level and a rising level of output.
C) a rising price level and a falling level of output.
D) a rising price level and a rising level of output.

Question

Figure 23-2. 
-Refer to Figure 23-2.Starting from point B and assuming that aggregate demand is held constant,in the long run the economy is likely to experience
A) a falling price level and a falling level of output. 
B) a falling price level and a rising level of output. 
C) a rising price level and a falling level of output. 
D) a rising price level and a rising level of output.

Quizplus · Accepted Answer

The Answer of Figure 23-2. 
-Refer to Figure 23-2.Starting from point B and assuming that aggregate demand is held constant,in the long run the economy is likely to experience
A) a falling price level and a falling level of output. 
B) a falling price level and a rising level of output. 
C) a rising price level and a falling level of output. 
D) a rising price level and a rising level of output.

Figure 23-2. -Refer to Figure 23-2.Starting from Point B and Assuming That