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-Refer to Exhibit 9-1

Question 55

Multiple Choice

-Refer to Exhibit 9-1.The economy is currently producing Q<sub>1</sub>.If an economist believes the economy can move itself without government intervention to Q<sub>N</sub>,then the economist believes that the A) LRAS curve will shift leftward until it intersects the SRAS and AD curves at Q<sub>1</sub>. B) AD curve will shift rightward and intersect the SRAS curve at point B. C) SRAS curve will shift rightward and intersect the AD curve at point A. D) economy will likely stay stuck in short-run equilibrium.
-Refer to Exhibit 9-1.The economy is currently producing Q1.If an economist believes the economy can move itself without government intervention to QN,then the economist believes that the


A) LRAS curve will shift leftward until it intersects the SRAS and AD curves at Q1.
B) AD curve will shift rightward and intersect the SRAS curve at point B.
C) SRAS curve will shift rightward and intersect the AD curve at point A.
D) economy will likely stay "stuck" in short-run equilibrium.

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