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Economic management — Question 3

QCAA 2022, Paper 1 · 1 mark

Q3 · 2022 · External assessmentUnclassified1 mark

QUESTION 3

How is microeconomic reform represented in the aggregate demand / aggregate supply (AD/AS) model?

(A) The AS curve shifts to the right and real gross domestic product increases.

(B) The AD curve shifts to the right and real gross domestic product increases.

(C) There is an expansionary movement along the AS curve and real gross domestic product increases.

(D) There is an expansionary movement along the AS and AD curves and real gross domestic product increases.

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