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    Economics Study Set 9
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    Exam 24: Aggregate Demand and Aggregate Supply Analysis
  5. Question
    Figure 24-3 -Refer to Figure 24-3. Which of the Points in the Points
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Figure 24-3 -Refer to Figure 24-3. Which of the Points in the Points

Question 229

Question 229

Multiple Choice

Figure 24-3 Figure 24-3   -Refer to Figure 24-3. Which of the points in the above graph are possible short-run equilibria but not long-run equilibria? Assume that Y<sub>1</sub> represents potential GDP. A)  A and B B)  A and C C)  C and D D)  B and D
-Refer to Figure 24-3. Which of the points in the above graph are possible short-run equilibria but not long-run equilibria? Assume that Y1 represents potential GDP.


A) A and B
B) A and C
C) C and D
D) B and D

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