Figure 13-9 shows the short-run macroeconomic equilibrium of an economy at Point A. As the economy adjusts from short run equilibrium to long-run equilibrium, _____.Figure 13-9
A)the price level will rise
B)the price level will fall
C)real GDP will increase
D)short-run aggregate supply will increase
E)aggregate demand will increase

Question

Figure 13-9 shows the short-run macroeconomic equilibrium of an economy at Point A. As the economy adjusts from short run equilibrium to long-run equilibrium, _____.Figure 13-9 
A)the price level will rise 
B)the price level will fall 
C)real GDP will increase 
D)short-run aggregate supply will increase 
E)aggregate demand will increase

Quizplus · Accepted Answer

The Answer of Figure 13-9 shows the short-run macroeconomic equilibrium of an economy at Point A. As the economy adjusts from short run equilibrium to long-run equilibrium, _____.Figure 13-9 
A)the price level will rise 
B)the price level will fall 
C)real GDP will increase 
D)short-run aggregate supply will increase 
E)aggregate demand will increase

Figure 13-9 Shows the Short-Run Macroeconomic Equilibrium of an Economy