Worksheet 2: Labelling diagrams answers
1 2
1 2
Good Y Good Y
Good X
Good X
3 4
3 Good Y 4
Good Y
A
B Y1
Y2 B
Good X
X1 X2 Good X
6
5
5 6
P P
S S
P1 P0
P0 P1
D1 D0
D0 D1
Q0 Q1 Q Q1 Q0 Q
7 8
7 8
D D
© Cambridge University Press & Assessment 2023 vX 3
10
9
9 10
Price Price AS
Level AS Level
P0
P1
P1
P0 AD 0
AD1
AD1
AD0
Y0 Y1 Y1 Y0 Real Output
Real Output
11
12
11 12
Price Price As 1
Level AS0 AS 1 Level
As 0
P1
P0
P0
P1
AD
AD
Y0 Y1 Real Output Y1 Y0 Real Output
14
13
13 14
Exchange Exchange
S Rate S
Rate
E1
E0
E0
D1 E1
D0 D0
D1
Q0 Q1 Quantity Q1 Q0 Quantity
of Currency of Currency
15
16
15 16
Exchange Exchange
Rate Rate
E1 E0
E0 E1
Quantity Quantity
of Currency of Currency
© Cambridge University Press & Assessment 2024 v2 4