Use the figure below to answer the following question(s).
Figure 10-14

-The economy's initial aggregate demand (AD₀)and aggregate supply (SRAS₀ and LRAS)curves are illustrated in Figure 10-14.Which of the following is true?
A)The profits of business firms are higher at I than J.
B)H is a point of long-run equilibrium.
C)Downward pressure on prices occurs at point G.
D)Point F is consistent with long-run equilibrium.

Question

Use the figure below to answer the following question(s).
Figure 10-14
 
-The economy's initial aggregate demand (AD₀)and aggregate supply (SRAS₀ and LRAS)curves are illustrated in Figure 10-14.Which of the following is true?
A)The profits of business firms are higher at I than J. 
B)H is a point of long-run equilibrium. 
C)Downward pressure on prices occurs at point G. 
D)Point F is consistent with long-run equilibrium.

Quizplus · Accepted Answer

The Answer of Use the figure below to answer the following question(s).
Figure 10-14
 
-The economy's initial aggregate demand (AD₀)and aggregate supply (SRAS₀ and LRAS)curves are illustrated in Figure 10-14.Which of the following is true?
A)The profits of business firms are higher at I than J. 
B)H is a point of long-run equilibrium. 
C)Downward pressure on prices occurs at point G. 
D)Point F is consistent with long-run equilibrium.

Use the Figure Below to Answer the Following Question(s)