The three curves in the above figure are
A) (1 ) the long-run aggregate supply curve, (2 ) the aggregate demand curve, and (3 ) the short-run aggregate supply curve.
B) (1 ) the long-run aggregate supply curve, (2 ) the short-run aggregate supply curve, and (3 ) the aggregate demand curve.
C) (1 ) the short-run aggregate supply curve, (2 ) the aggregate demand curve, and (3 ) the long-run aggregate supply curve.
D) (1 ) the aggregate supply curve, (2 ) the short-run aggregate demand curve, and (3 ) the long-run aggregate demand curve.
C
You might also like to view...
Karen is attempting to put into words the key idea that encapsulates what her company's brand is intended to stand for in its target market's mind. Karen is writing a __________.
A. positioning statement B. sales promotion C. mixing elements D. brand equity E. leaky bucket
The statistical significance of the slope coefficient can only be tested using the F test
Indicate whether the statement is true or false
The main factor in determining how much one plot of land is worth relative to another plot is
A. its fertility. B. the average amount of rainfall. C. its location. D. None of the choices are true.
In practice, economists:
A. disagree about what the level of potential output is and about what policies are appropriate. B. agree about what the level of potential output is but disagree about what policies are appropriate. C. agree about what the level of potential output is and about what policies are appropriate. D. disagree about what the level of potential output is but agree about what policies are appropriate.