Based on the figure, the economy is initially in long-run equilibrium at point A If there is a favorable supply shock that increases potential output and shifts the long-run aggregate supply curve from LRAS to LRAS', then the new long-run equilibrium is reached at point:
Definitions:
Basic
Characteristic of substances that have a pH greater than 7, which can accept protons (H+) or donate electrons and are often slippery to the touch.
Secondary Radicals
are reactive intermediates in organic reactions, featuring an unpaired electron on a carbon atom that is bonded to two other carbon atoms.
Stability
The tendency of a chemical substance to maintain its chemical composition and physical state under stated conditions over time.
Energy Diagram
A graphical representation showing the energy levels of products and reactants during a chemical reaction and indicating the activation energy.
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