Refer to the information provided in Figure 28.7 below to answer ...

[michelleunicorn]

Question 1

Refer to the information provided in Figure 28.7 below to answer the question(s) that follow.








Refer to Figure 28.7. An expansionary fiscal policy followed by a leftward shift in the 
AS curve could move the economy from Point 
A to Point
 ________, and then to Point 
________.

◦ D; C
◦ B; E
◦ C; D
◦ E; B

Question 2

Refer to the information provided in Figure 28.7 below to answer the question(s) that follow.








Refer to Figure 28.7. An contractionary monetary policy followed by a rightward shift in the 
AS curve could move the economy from Point 
A to Point
 ________, and then to Point 
________.

◦ D; C
◦ B; E
◦ C; D
◦ E; B

[aham8f]

Answer 1

C; D

Answer 2

B; E

[michelleunicorn]

Thanks

[aham8f]

Welcome

[sheilaspns]

Question 1

Refer to the information provided in Figure 28.7 below to answer the question(s) that follow.








Refer to Figure 28.7. If the economy is at Point 
A, a sudden decrease in the price of oil without any change in the aggregate demand shifts the short-run Phillips curve (
SRPC) from

◦ SRPC
₁ to 
SRPC
₂.
◦ SRPC
₁ to 
SRPC
₃.
◦ SRPC
₂ to 
SRPC
₁.
◦ SRPC
₃ to 
SRPC
₁.

Question 2

Refer to the information provided in Figure 28.7 below to answer the question(s) that follow.








Refer to Figure 28.7. If the economy is at Point 
A, the cost of raw material increased dramatically, and the aggregate demand did not change, the economy could move to Point

◦ A.
◦ B.
◦ E.
◦ D.

[Jordin Calloway]

Answer 1

SRPC
₁ to 
SRPC
₃.

Answer 2

D.