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Refer to the figure. Assume that aggregate demand is represented by AD1 and full-employment output is $6.0 trillion. The equilibrium level of income is

Alternating periods of economic growth and contraction are

If the economy is in a recession,

Refer to the figure. Which of the following can cause a shift from AD0 to AD1, ceteris paribus?

Equilibrium occurs when the aggregate demand curve intersects the aggregate supply curve.

In contrast to the structural deficit, the cyclical deficit reflects

A decrease in sales expectations may shift the AD curve to the

Refer to the figure. An increase in government spending, ceteris paribus, is best represented as a change from point

Refer to the figure. An increase in the cost of an input in the production process is best represented as a change from point

If actual investment exceeds desired investment, then