Exhibit 5-3
-In Exhibit 5-3 AD₁ and AS₁ represent the initial aggregate demand and aggregate supply.The equilibrium is initially represented by which point?

Question

Exhibit 5-3 -In Exhibit 5-3 AD₁ and AS₁ represent the initial aggregate demand and aggregate supply.The equilibrium is initially represented by which point? A)A B)B C)C D)D

Quizplus · Accepted Answer

The initial equilibrium is represented by the intersection of the initial aggregate demand curve (AD1) and the initial aggregate supply curve (AS1), which is typically marked by point A in such diagrams.

Exhibit 5-3 -In Exhibit 5-3 AD1 and AS1 Represent the Initial Aggregate

Exhibit 5-3 -In Exhibit 5-3 AD₁ and AS₁ Represent the Initial Aggregate