Figure 10-18
-Based on Figure 10-18, when the aggregate demand curve is in the position AD₁, the economy's position of long-run equilibrium corresponds to point

Question

Figure 10-18 Figure 10-18 -Based on Figure 10-18, when the aggregate demand curve is in the position AD1, the economy's position of long-run equilibrium corresponds to point A) E1. B) E2. C) E3. D) E1 or E2.

Figure 10-18 -Based on Figure 10-18, when the aggregate demand curve is in the position AD<sub>1</sub>, the economy's position of long-run equilibrium corresponds to point A) E<sub>1</sub>. B) E<sub>2</sub>. C) E<sub>3</sub>. D) E<sub>1</sub> or E<sub>2</sub>.

-Based on Figure 10-18, when the aggregate demand curve is in the position AD₁, the economy's position of long-run equilibrium corresponds to point

Quizplus · Accepted Answer

At point E1, the aggregate demand curve (AD1) intersects the long-run aggregate supply curve (LRAS), indicating long-run equilibrium.

Figure 10-18 -Based on Figure 10-18, When the Aggregate Demand Curve Is