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    Exam 31: Understanding Direct and Inverse Relationships between Variables
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    ​ Exhibit 10A-2 Macro AD-AS Model
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​ Exhibit 10A-2 Macro AD-AS Model

Question 164

Question 164

Multiple Choice

​ Exhibit 10A-2 Macro AD-AS Model
​ Exhibit 10A-2 Macro AD-AS Model   ​I n Exhibit 10A- 2, the intersection of AD with SRAS indicates: A)  ​a short-run equilibrium. B)  ​a long-run equilibrium. C)  ​that the economy needs policies to reduce unemployment. D)  ​that the economy is at full employment.
​I n Exhibit 10A- 2, the intersection of AD with SRAS indicates:


A) ​a short-run equilibrium.
B) ​a long-run equilibrium.
C) ​that the economy needs policies to reduce unemployment.
D) ​that the economy is at full employment.

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