b. nonfluctuating resource availability Exhibit 10-5 Aggregate demand curves In Exhibit 10-5, which one of the following could cause the U.S. aggregate demand curve to move from AD3 to AD2? O a. a recession in Japan c. greater resource availability O d. an increase in government grants for AIDS awareness programs Price level AD Real GDP AD2 AD 3

b. nonfluctuating resource availability Exhibit 10-5 Aggregate demand curves In Exhibit 10-5, which one of the following could cause the U.S. aggregate demand curve to move from AD3 to AD2? O a. a recession in Japan c. greater resource availability O d. an increase in government grants for AIDS awareness programs Price level AD Real GDP AD2 AD 3

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 4SCQ: Without looking at Table 19.7, return to Figure 19.10. If we define a recession as a significant...

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