Multiple Choice
-On the graph above, at the point where quantity demanded equals quantity supplied (let's call it point A) , the economy has reached its ________.
A) general equilibrium, and barring any shocks, it will not move from A
B) long-run equilibrium, and barring any shocks, it will not move from A
C) short-run equilibrium, and even without any shocks, it may move away from A
D) short-run equilibrium, and barring any shocks, it will not move from A
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q5: 12.2 Equilibrium in Aggregate Demand and Supply
Q26: The short-run aggregate supply curve shows how
Q32: The Volcker Disinflation (1980-1986)was costly in terms
Q34: By the time Paul Volcker took office
Q46: The endogenous variable in the aggregate demand
Q49: According to the economy's self-correcting mechanism,how does
Q54: 12.2 Equilibrium in Aggregate Demand and Supply
Q58: Suppose there is a temporary supply shock
Q62: AD - AS Shocks <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5036/.jpg" alt="AD
Q83: Picture an economy that is in general