12.2 Equilibrium in Aggregate Demand and Supply Analysis

question 84

Multiple Choice

12.2 Equilibrium in Aggregate Demand and Supply Analysis
AD - AS Equilibrium
-On the graph above,if inflation is rising,while the quantity demanded and output are rising,the economy may be at a point on ________.

• A)the aggregate supply curve above the aggregate demand curve
• B)the aggregate supply curve below the aggregate demand curve
• C)the aggregate demand curve above the aggregate supply curve
• D)the aggregate demand curve below the aggregate supply curve
• E)none of the above

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Definitions:

Nervous System

The complex network of nerve cells and fibers that transmits nerve impulses between parts of the body, enabling responses to internal and external stimuli.

Ingestion

The act of taking substances, typically food or medication, into the body through the mouth for digestion.

Chemical Burn

Tissue damage caused by exposure to a corrosive substance, which can affect the skin and mucous membranes.

Acids

Chemical substances that release hydrogen ions when dissolved in water, exhibiting a sour taste and capable of turning blue litmus paper red.