Aggregate demand and supply curves have been widely used to analyze the performance of the macroeconomy. Figure 5-3 shows four diagrams that represent different changes in the macroeconomy. Choose the diagram that best represents the situations described in the following questions. Figure 5-3

Which graph in Figure 5-3 best represents the favorable macroeconomy of the late 1990s?
A) 1
B) 2
C) 3
D) 4

Question

Aggregate demand and supply curves have been widely used to analyze the performance of the macroeconomy. Figure 5-3 shows four diagrams that represent different changes in the macroeconomy. Choose the diagram that best represents the situations described in the following questions. Figure 5-3

Which graph in Figure 5-3 best represents the favorable macroeconomy of the late 1990s?

Which graph in Figure 5-3 best represents the favorable macroeconomy of the late 1990s?
A) 1 
B) 2 
C) 3 
D) 4

Quizplus · Accepted Answer

The Answer of Aggregate demand and supply curves have been widely used to analyze the performance of the macroeconomy. Figure 5-3 shows four diagrams that represent different changes in the macroeconomy. Choose the diagram that best represents the situations described in the following questions. Figure 5-3

Which graph in Figure 5-3 best represents the favorable macroeconomy of the late 1990s?
A) 1 
B) 2 
C) 3 
D) 4

Aggregate Demand and Supply Curves Have Been Widely Used to Analyze