Economics (AS & A Level) · Oct / Nov 2022 · Paper 11 · Question 22
9708Aggregate Demand and Aggregate Supply analysis
The diagrams show initial equilibrium positions at Y₁P₁. Which diagram reflects the impact on an economy of higher unit wage costs and an improvement in the balance of trade?
- ADiagram A
- BDiagram B
- CDiagram C
- DDiagram D
As printed in the paper
Show the answer
Correct answer: B. Diagram B
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