Refer to the diagram and assume the economy initially is in equilibrium at point a. In the mainstream view, a decline in aggregate demand from AD₁ to AD₂ would likely move the economy A) directly from a to d. B) directly from a to b. C) from a to c, then quickly from c to d. D) from a to c, then eventually from c to b.

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The Answer of Refer to the diagram and assume the economy initially is in equilibrium at point a. In the mainstream view, a decline in aggregate demand from AD₁ to AD₂ would likely move the economy A) directly from a to d. B) directly from a to b. C) from a to c, then quickly from c to d. D) from a to c, then eventually from c to b.

Refer to the Diagram and Assume the Economy Initially Is