-Refer to Exhibit 16-4.If LRAS₁ shifts to LRAS₂,and this causes AD₁ to shift to AD₂,economists would call this a

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A shift in the long-run aggregate supply (LRAS) and the aggregate demand (AD) that leads to changes in the economic output without specific reference to inflation or unemployment adjustments typically characterizes a real business cycle. This concept focuses on real (inflation-adjusted) economic variables and their fluctuations over time, often attributed to changes in technology, productivity, or external shocks, rather than monetary or fiscal policy effects.