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Figure 13-9 Shows the Short-Run Macroeconomic Equilibrium of an Economy

Question 13

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Figure 13-9 shows the short-run macroeconomic equilibrium of an economy at Point A. As the economy adjusts from short run equilibrium to long-run equilibrium, _____.Figure 13-9 Figure 13-9 shows the short-run macroeconomic equilibrium of an economy at Point A. As the economy adjusts from short run equilibrium to long-run equilibrium, _____.Figure 13-9   A) the price level will rise B) the price level will fall C) real GDP will increase D) short-run aggregate supply will increase E) aggregate demand will increase


A) the price level will rise
B) the price level will fall
C) real GDP will increase
D) short-run aggregate supply will increase
E) aggregate demand will increase

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