The SRAS Is Horizontal at a Price Level of 2

question 41

Multiple Choice

The SRAS is horizontal at a price level of 2.
-According to the AD-AS model,the economy depicted above will achieve a long-run equilibrium state with a price level equal to ___________ and output equal to ___________.

• A) 2;550
• B) 4;550
• C) 3;550
• D) 4;650
• E) 2;650

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Definitions:

Higher Frequencies

Electromagnetic wavelengths that are shorter, resulting in greater oscillations per second, which are applied in various technologies like microwave and radio.

Semicircular Canals

Structures within the inner ear that are key to the vestibular system, helping maintain balance and spatial orientation.

Ampulla

A dilated section of a canal or duct, such as the ampulla of Vater in the digestive system, which aids in the digestion process by releasing bile and pancreatic juices into the small intestine.

Ossicles

The three small bones in the middle ear called the malleus, incus, and stapes, which help in transmitting sound vibrations to the inner ear.