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Use the Figure Below to Answer the Following Question(s)

Question 143

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Use the figure below to answer the following question(s) . Figure 10-14
Use the figure below to answer the following question(s) . Figure 10-14 The economy's initial aggregate demand (AD<sub>0</sub>) and aggregate supply (SRAS<sub>0</sub> 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. 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.

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