12.2 Equilibrium in Aggregate Demand and Supply Analysis

question 77

Multiple Choice

12.2 Equilibrium in Aggregate Demand and Supply Analysis
AD - AS Equilibrium
-On the graph above,at the point where quantity demanded equals quantity supplied (let's call it pointA) ,the economy has reached its ________.

• A)general equilibrium,and barring any shocks,it will not move from A
• B)long-run equilibrium,and barring any shocks,it will not move from A
• C)short-run equilibrium,and even without any shocks,it may move away from A
• D)short-run equilibrium,and barring any shocks,it will not move from A
• E)none of the above

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Definitions:

Top Management Teams

Groups of high-ranking executives responsible for steering an organization's strategy and making crucial decisions.

Day-To-Day Operations

The regular, routine functions and activities required to manage and run an organization or a project.

Life Expectancy

The average period that a person or organism is expected to live based on statistical averages.

Team Effectiveness

The degree to which a team achieves its goals, operates efficiently, and satisfies its members.