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As Real GDP Increases the Equilibrium Point of Aggregate Demand

Question 122

Multiple Choice

As real GDP increases the equilibrium point of aggregate demand (AD) and short run aggregate (SRAS) supply move how, with regards to long run aggregate (LRAGS) supply?


A) The LRAGS moves to the right, and the AD and SRAS move up.
B) The LRAGS moves to the right, and the AD and SRAS move down.
C) The LRAGS moves to the left, and the AD and SRAS move up.
D) The LRAGS moves to the left, and the AD and SRAS move down.

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