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Figure 12.2

Question 40

Multiple Choice

Figure 12.2: Figure 12.2: -Using Figure 12.2,if Q<sub>2</sub> represents full employment,then a shift from AD<sub>1</sub> to: A) AD<sub>2</sub> takes the economy past full employment to equilibrium at point Y. B) AD<sub>2</sub> closes the GDP gap. C) AD<sub>3</sub> results in a full-employment equilibrium at point W. D) AD<sub>3</sub> takes the economy past full employment to equilibrium at point Z.
-Using Figure 12.2,if Q2 represents full employment,then a shift from AD1 to:


A) AD2 takes the economy past full employment to equilibrium at point Y.
B) AD2 closes the GDP gap.
C) AD3 results in a full-employment equilibrium at point W.
D) AD3 takes the economy past full employment to equilibrium at point Z.

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