The Figure Below Shows Equilibrium in an Aggregate Demand-Aggregate Supply

question 15

Multiple Choice

The figure below shows equilibrium in an aggregate demand-aggregate supply model.Which of the following will be true of an economy in the long run that is at point M in the short run?​ ​
Figure 10.4
​

• A)The actual price level will be lower than the expected price level.
• B)The actual output will fall short of the potential output.
• C)The short-run aggregate supply curve will remain stable at SRAS₁₀₀.
• D)The short-run aggregate supply curve will shift to SRAS₁₀₉.
• E)Real GDP will be equal to nominal GDP.

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Definitions:

Enumerated Name

A user-defined data type in C/C++ that assigns names to integral constants to improve code readability.

Enumerated Constant

A symbolic name for a series of constant values typically defined in an enumeration type.

Conditional Operator

A ternary operator that provides a shorthand way to write if-else statements, evaluating a condition and returning one of two values.