Multiple Choice
Figure 33-4
-Refer to Figure 33-4. The short-run equilibrium is defined by the given AD and SRAS curves. Which of the long-run aggregate-supply curves is consistent with the economy being in an expansion?
A) LRAS3
B) LRAS2
C) LRAS1
D) Both LRAS3 and LRAS1
Correct Answer:
Verified
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