​ Exhibit 10A-1 Aggregate Demand and Supply Model

question 146

Multiple Choice

​ Exhibit 10A-1 Aggregate demand and supply model

​ Beginning from short-run equilibrium at point E₂ in Exhibit 10A-1, the economy's movement to a new position of long-run equilibrium would best be described as:

• A) ​a movement along the AD ₂ curve with a shift in the SRAS ₁ curve.
• B) ​a movement along the SRAS ₂ curve with a shift in the AD ₂ curve.
• C) ​ a shift in the LRAS curve to an intersection at E ₁ .
• D) ​no shift of any kind.

---

Definitions:

Shopping Cart

An online mechanism that allows users to collect and manage products for purchase on e-commerce websites.

Cookies

Small pieces of data sent from a website and stored on a user's computer by the web browser, used to remember information about the user.

Information Literacy

The ability to recognize when information is needed and to locate, evaluate, and use effectively the needed information.

Research Paper

An academic document presenting original research on a topic, including analysis and interpretation from the author.