Figure 9-1 -In Figure 9-1, Which of the Following Correctly Labels the Correctly

Multiple Choice

Figure 9-1
-In Figure 9-1, which of the following correctly labels the curves in the aggregate demand/aggregate supply model?

A) (1) is LRAS, (2) is SRAS, and (3) is AD.
B) (1) is SRAS, (2) is LRAS, and (3) is AD.
C) (1) is AD, (2) is SRAS, and (3) is LRAS.
D) (1) is LRAS, (2) is AD, and (3) is SRAS.