Solved

-In the Above Figure, If Aggregate Demand Does Not Change

Question 88

Multiple Choice

-In the above figure, if aggregate demand does not change the short -run equilibrium will A) will not adjust on its own. B) eventually adjust to a long-run equilibrium with a higher price level. C) eventually adjust to a long-run equilibrium with a lower price level. D) None of the above answers are correct.
-In the above figure, if aggregate demand does not change the short -run equilibrium will


A) will not adjust on its own.
B) eventually adjust to a long-run equilibrium with a higher price level.
C) eventually adjust to a long-run equilibrium with a lower price level.
D) None of the above answers are correct.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q83: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6802/.jpg" alt=" -In the above

Q84: A decrease in the price level accompanied

Q85: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6802/.jpg" alt=" -In the figure

Q86: In recent years, Japanʹs capital stock has

Q87: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6802/.jpg" alt=" -In the above

Q89: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6802/.jpg" alt=" -In the above

Q90: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6802/.jpg" alt=" -In the above

Q91: Moving along the short-run aggregate supply curve,_<br>A)

Q92: An increase in aggregate demand is shown

Q93: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6802/.jpg" alt=" -The above figure