Graphically, the full-employment, low-inflation, rapid-growth economy of the last half of the 1990s is depicted by a:

A) leftward shift of the aggregate demand curve and a leftward shift of the aggregate supply curve.B) rightward shift of the aggregate demand curve along a fixed aggregate supply curve.C) rightward shift of the aggregate demand curve and a rightward shift of the aggregate supply curve.D) rightward shift of the aggregate supply curve along a fixed aggregate demand curve.

ANSWER:

C) rightward shift of the aggregate demand curve and a rightward shift of the aggregate supply curve.