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Figure 20-2. -Refer to Figure 20-2. the Appearance of the Long-Run Aggregate-Supply

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Figure 20-2. Figure 20-2. -Refer to Figure 20-2. The appearance of the long-run aggregate-supply (LRAS) curve A) is inconsistent with the concept of monetary neutrality. B) is consistent with the idea that point A represents a long-run equilibrium but not a short-run equilibrium when the relevant short-run aggregate-supply curve is AS<sub>1</sub>. C) indicates that Y<sub>1</sub> is the natural rate of output. D) All of the above are correct.
-Refer to Figure 20-2. The appearance of the long-run aggregate-supply (LRAS) curve

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