Figure 13-9 Shows the Short-Run Macroeconomic Equilibrium of an Economy

question 13

Multiple Choice

Figure 13-9 shows the short-run macroeconomic equilibrium of an economy at Point A. As the economy adjusts from short run equilibrium to long-run equilibrium, _____.Figure 13-9

• A)the price level will rise
• B)the price level will fall
• C)real GDP will increase
• D)short-run aggregate supply will increase
• E)aggregate demand will increase

---

Definitions:

Solvent

A substance in which a solute is dissolved to form a solution, typically a liquid.

Sugar

A sweet-tasting, soluble carbohydrate found in many plants, primarily used for energy by living organisms.

Diffuse

To spread or disperse substances from regions of higher concentration to regions of lower concentration, often referring to gases or liquids.

Crystals

Solid materials whose constituents, such as atoms, molecules, or ions, are arranged in a highly ordered microscopic structure, forming a crystal lattice that extends in all directions.