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Exhibit 14-4 Aggregate Supply and Demand Curves

Question 180

Multiple Choice

Exhibit 14-4 Aggregate supply and demand curves

-As the aggregate demand curve shifts from AD₁ to AD₂ in Exhibit 14-4,the economy experiences:

A) cost-push inflation.
B) demand-pull inflation.
C) wage-push inflation.
D) hyperinflation.

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