Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the long run would be:
A. P1 and Y2.
B. P2 and Y1.
C. P3 and Y1.
D. P3 and Y2.
Answer: D
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A) currency in circulation. B) the borrowed base. C) the nonborrowed base. D) discount loans.
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A. profits. B. assets. C. reserves. D. liabilities.
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A. fall; fall B. rise; fall C. fall; rise D. rise; rise
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