Solved

In the Self-Correcting AD-AS Model, the Economy's Short-Run Equilibrium Position

Question 50

Multiple Choice

In the self-correcting AD-AS model, the economy's short-run equilibrium position is indicated by the intersection of which two curves?


A) Short-run aggregate supply and long-run aggregate supply.
B) Short-run aggregate supply and aggregate demand.
C) Long-run aggregate supply and aggregate demand.
D) Long-run aggregate demand and short-run personal consumption expenditures curve.
E) Short-run aggregate demand and long-run personal consumption expenditures curve.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions