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Given the data and policy, what happens in the AD/AS model? Select one: O A. Aggregate Demand (AD) increase, and the AD curve shifts to the right (upwards) O B. Aggregate Supply (AS) increase, and the AS curve shifts to the right (downwards) O C. Aggregate Supply (AS) increase, and the AS curve shifts to the left (upwards) O D. Aggregate Demand (AD) increase, and the AD curve shifts to the left (downwards)

Given the data and policy, what happens in the AD/AS model? Select one: O A. Aggregate Demand (AD) increase, and the AD curve shifts to the right (upwards) O B. Aggregate Supply (AS) increase, and the AS curve shifts to the right (downwards) O C. Aggregate Supply (AS) increase, and the AS curve shifts to the left (upwards) O D. Aggregate Demand (AD) increase, and the AD curve shifts to the left (downwards)

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter30: Government Budgets And Fiscal Policy
Section: Chapter Questions
Problem 24RQ: Have spending and taxes by state and local governments In the United States had a generally upward...
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The following diagram shows changes in fiscal policy by the South African government from the beginning of 2008, until the end of 2014. Study it carefully and answer the question which follows. SOUTH AFRICA GOVERNMENT SPENDING 620000 **** 600000 580000 F N E EH A A EE E E 560000 540000 520000 500000 480000 460000 1/1/2008 1/1/2010 1/1/2012
Transcribed Image Text:The following diagram shows changes in fiscal policy by the South African government from the beginning of 2008, until the end of 2014. Study it carefully and answer the question which follows. SOUTH AFRICA GOVERNMENT SPENDING 620000 **** 600000 580000 F N E EH A A EE E E 560000 540000 520000 500000 480000 460000 1/1/2008 1/1/2010 1/1/2012
Given the data and policy, what happens in the AD/AS model? Select one: O A. Aggregate Demand (AD) increase, and the AD curve shifts to the right (upwards) O B. Aggregate Supply (AS) increase, and the AS curve shifts to the right (downwards) OC. Aggregate Supply (AS) increase, and the AS curve shifts to the left (upwards) O D. Aggregate Demand (AD) increase, and the AD curve shifts to the left (downwards)
Transcribed Image Text:Given the data and policy, what happens in the AD/AS model? Select one: O A. Aggregate Demand (AD) increase, and the AD curve shifts to the right (upwards) O B. Aggregate Supply (AS) increase, and the AS curve shifts to the right (downwards) OC. Aggregate Supply (AS) increase, and the AS curve shifts to the left (upwards) O D. Aggregate Demand (AD) increase, and the AD curve shifts to the left (downwards)
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