TYP: SA Exhibit 14A-3 Macro AD-AS Model

question 9

Multiple Choice

TYP: SA
Exhibit 14A-3 Macro AD-AS Model

-In Exhibit 14A-3,the intersection of AD with SRAS indicates:

• A) a short-run equilibrium.
• B) a long-run equilibrium.
• C) that the economy needs policies to reduce unemployment.
• D) that the economy is at full employment.

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