QUESTION 1

When aggregate supply shifts left, then output _ and inflation _.

1. increases,increases
2. falls,falls
3. increases, falls
4. falls, increases

QUESTION 2

If an economy pushes beyond the inflationary flashpoint then inflation:

1. exists
2. accelerates
3. becomes public enemy #1
4. in uncontrollable

QUESTION 3

110 102 100 AD3 AD2 AD 1 20 25 26110 105 AD3 100 AD2 AD 1 20