Figure 10-18 -Based on Figure 10-18,when the Aggregate Demand Curve Is in Demand

question 137

Multiple Choice

Figure 10-18

-Based on Figure 10-18,when the aggregate demand curve is in the position AD₁,the economy's position of long-run equilibrium corresponds to point

• A)E₁.
• B)E₂.
• C)E₃.
• D)E₁ or E₂.

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Definitions:

Minimum Threshold

The lowest level at which a stimulus can be detected by the senses.

Difference Threshold

is the minimum difference in stimulation required to differentiate two stimuli, also known as the just noticeable difference.

Absolute Threshold

The minimum intensity of a stimulus that one can perceive, indicating the lowest level at which an individual can detect a stimulus 50% of the time.

Difference Threshold

The minimum difference in stimulation that a person can detect 50% of the time.