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Figure 33-3 -Refer to Figure 33-3. Starting from Point a and Assuming

Question 148

Multiple Choice

Figure 33-3 Figure 33-3 -Refer to Figure 33-3. Starting from point A 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, as the economy moves to point C. B) rising price level and a falling level of output, as the economy moves to point B. C) falling price level and a rising level of output, as the economy moves to point B. D) rising price level and a rising level of output, as the economy moves to point C.
-Refer to Figure 33-3. Starting from point A 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, as the economy moves to point C.
B) rising price level and a falling level of output, as the economy moves to point B.
C) falling price level and a rising level of output, as the economy moves to point B.
D) rising price level and a rising level of output, as the economy moves to point C.

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