Multiple Choice
Use the figure below to answer the following question(s) .
Figure 10-14
-The economy's initial aggregate demand (AD0) and aggregate supply (SRAS0 and LRAS) curves are illustrated in Figure 10-14. Which of the following is true?
A) The profits of business firms are higher at I than J.
B) H is a point of long-run equilibrium.
C) Downward pressure on prices occurs at point G.
D) Point F is consistent with long-run equilibrium.
Correct Answer:

Verified
Correct Answer:
Verified
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