The figure given below depicts long run equilibrium in an aggregate demand-aggregate supply model. The change in real GDP in this figure from Y₁ to Y₂ could have been caused by: A) a government policy aimed at increasing demand. B) a change in weather conditions that led to worldwide crop failures. C) an attempt by key resource producers to monopolize supply. D) an increase in taxation or a decrease in government spending. E) an increase in labor productivity.

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The Answer of The figure given below depicts long run equilibrium in an aggregate demand-aggregate supply model. The change in real GDP in this figure from Y₁ to Y₂ could have been caused by: A) a government policy aimed at increasing demand. B) a change in weather conditions that led to worldwide crop failures. C) an attempt by key resource producers to monopolize supply. D) an increase in taxation or a decrease in government spending. E) an increase in labor productivity.

The Figure Given Below Depicts Long Run Equilibrium in an Aggregate