The Economy Is in Its Short Run Equilibrium at the Point

question 234

Multiple Choice

The economy is in its short run equilibrium at the point where the

• A) AD curve intersects the LAS curve.
• B) AD curve intersects the SAS curve.
• C) SAS curve intersects the LAS curve.
• D) price level is stable.

---

Definitions:

Loads of Laundry

Units or batches of clothing, linens, and other textiles laundered together in a single process.

Pages

Physical or digital sheets on which written or printed information is displayed; not a standard economic term.

Opportunity Cost

Opportunity cost is the cost of forgoing the next best alternative when making a decision to pursue a certain action.

Painting Room

The process of applying paint to the interior walls of a room, often for decorative or maintenance purposes.