Exam4Training

The economy of Country V is initially in equilibrium at a level of national income and employment denoted by Y at price level denoted by P1

HOTSPOT

The economy of Country V is initially in equilibrium at a level of national income and employment denoted by Y at price level denoted by P1.

If there is an increase in aggregate demand, indicate on the graph below the new equilibrium point in the economy.

Answer:

Exit mobile version