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Pessimism Suppose the Economy Is in Long-Run Equilibrium. Then Because of of Corporate

Question 34

Multiple Choice

Pessimism
Suppose the economy is in long-run equilibrium. Then because of corporate scandal, international tensions, and loss of confidence in policymakers, people become pessimistic regarding the future and retain that level of pessimism for some time.


-Refer to Figure 33-7.Suppose the economy starts at Y.If aggregate demand increases from AD2 to AD3,then the economy moves to


A) V.
B) W.
C) X.
D) Z.

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