Figure 33-6. 
-Refer to Figure 33-6.Which of the long-run aggregate-supply curves is consistent with a short-run economic expansion?
Definitions:
Price Change
An adjustment in the cost of a good or service.
Natural Resources
Raw materials and environmental assets that are found in nature and can be used for economic gain.
Elasticity of Demand
Estimating how much the demand for a product fluctuates in response to changes in its price.
Resource Markets
Markets in which business firms demand factors of production (for example, labor, capital, and natural resources) from household suppliers. The resources are then used to produce goods and services. These markets are sometimes called factor markets or input markets.
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