In the Extended Aggregate Demand-Aggregate Supply Model

question 260

Multiple Choice

In the extended aggregate demand-aggregate supply model,

• A) long-run equilibrium occurs wherever the aggregate demand curve intersects the short-run aggregate supply curve.
• B) the long-run aggregate supply curve is horizontal.
• C) the price level is the same regardless of the location of the aggregate demand curve.
• D) long-run equilibrium occurs at the intersection of the aggregate demand curve, the short- run aggregate supply curve, and the long-run aggregate supply curve.

---

Definitions:

Immigrants

People who move to a foreign country with the intention of settling there, often in search of better living conditions, employment, or educational opportunities.

Chicago

A major city in the United States located in the state of Illinois, known for its significant contributions to music, architecture, and the arts.

Vaudeville Shows

A type of entertainment popular in the United States in the early 20th century, featuring a mix of specialty acts such as burlesque comedy, song, and dance.