Figure 9-1 In Figure 9-1, which of the following correctly labels the curves in the aggregate demand/aggregate supply model?
A) (1) is LRAS, (2) is SRAS, and (3) is AD.
B) (1) is SRAS, (2) is LRAS, and (3) is AD.
C) (1) is AD, (2) is SRAS, and (3) is LRAS.
D) (1) is LRAS, (2) is AD, and (3) is SRAS.

Question

Figure 9-1  In Figure 9-1, which of the following correctly labels the curves in the aggregate demand/aggregate supply model?
A) (1) is LRAS, (2) is SRAS, and (3) is AD. 
B) (1) is SRAS, (2) is LRAS, and (3) is AD. 
C) (1) is AD, (2) is SRAS, and (3) is LRAS. 
D) (1) is LRAS, (2) is AD, and (3) is SRAS.

Quizplus · Accepted Answer

The Answer of Figure 9-1  In Figure 9-1, which of the following correctly labels the curves in the aggregate demand/aggregate supply model?
A) (1) is LRAS, (2) is SRAS, and (3) is AD. 
B) (1) is SRAS, (2) is LRAS, and (3) is AD. 
C) (1) is AD, (2) is SRAS, and (3) is LRAS. 
D) (1) is LRAS, (2) is AD, and (3) is SRAS.

Figure 9-1 in Figure 9-1, Which of the Following