Economics (AS & A Level) · May / June 2023 · Paper 13 · Question 26
9708Aggregate Demand and Aggregate Supply analysis
The diagram shows the macroeconomic equilibrium output and price level changing from Y and P to Y1 and P1. What could have caused this change?
- Aa decrease in exports
- Ba decrease in labour productivity
- Can increase in the government's spending
- Dan increase in the money supply
As printed in the paper
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Correct answer: A. a decrease in exports
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