From the Data in the Above Table,when the Economy Is

question 7

Multiple Choice

From the data in the above table,when the economy is at its short-run equilibrium,if aggregate demand does not change,then as time passes the

• A) short-run aggregate supply curve shifts rightward.
• B) short-run aggregate supply curve shifts leftward.
• C) long-run aggregate supply curve shifts rightward.
• D) long-run aggregate supply curve shifts leftward.

---

Definitions:

Market Equilibrium

The point at which the supply of goods matches demand, causing stable prices.

Incentives

Factors or rewards that motivate individuals or organizations to perform an action or behave in a certain way.

Incomes

The monetary payment received for goods or services, or from other sources like investments, typically measured over a set period of time.

Spend

The process of spending money to acquire goods or services.