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Economics (AS & A Level) · Oct / Nov 2024 · Paper 31 · Question 22

9708Links between macroeconomic problems and their interrelatedness

The diagram shows an increase in aggregate demand (AD) from AD1 to AD2. How can the subsequent impact on short-run and long-run macroeconomic equilibrium positions be shown using expectations-augmented Phillips curves?

  1. AF to G to H
  2. BF to G to K
  3. CF to J to H
  4. DF to J to K

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Correct answer: D. F to J to K

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