Figure 13-10 Shows the Short-Run Macroeconomic Equilibrium of an Economy

question 52

Multiple Choice

Figure 13-10 shows the short-run macroeconomic equilibrium of an economy. Suppose the economy is currently at Point A. As the economy adjusts from short-run equilibrium to long-run equilibrium, _____.Figure 13-10​

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

---

Definitions:

Supply Chain Members

The entities involved in the production, handling, and distribution process of a product, from raw materials to end customers.

Purchase Decisions

The process of evaluating and choosing from different products or services to meet a need or requirement.

Sustainability Initiatives

Efforts or policies implemented by corporations or governments aimed at promoting environmental sustainability and reducing the negative impact on the environment.

Agrochemical Use

The application of chemicals, such as pesticides and fertilizers, in agriculture to enhance crop production but which may also have environmental and health impacts.