PRICE LEVEL O a. C to D. O b. D to C. c. B to A Od. A to B. D LRAS O AD QUANTITY OF OUTPUT SRAS, SRAS, AD Refer to Figure 34-2. If the economy is in long-run equilibrium, then an adverse shift in short-run aggregate sup economy from

Since 1970, the United States has experienced 5 periods and 2 periods. O stagflationary, deflationary O inflationary; expansionary O recessionary; inflationary O recessionary; expansionary

37

Referring to the figure, if the economy starts at point C, stagflation would be consistent with point

Which of the following causes the short-run aggregate supply curve to shift to the right? O A. an increase in the expected price of an important natural resource B. a positive technological change O C. a higher expected future price level O D. a decrease in the capital stock

Figure 34-3 PRICE LEVEL a a a LRAS Y, Y₂ QUANTITY OF OUTPUT SRAS. SRAS. AD Refer to Figure 34-3. Starting from point B and assuming that aggregate demand is held constant, in the long run the economy is likely to experience a falling price level and a falling level of output, as the economy moves to point C. falling price level and a rising level of output, as the economy moves to point A. rising price level and a falling level of output, as the economy moves to point A. Orising price level and a rising level of output, as the economy moves to point C.

Figure 6 PRICE LEVEL LRAS Y, Y₂ QUANTITY OF OUTPUT SRAS; SRAS, AD 15. Refer to Figure 6. Starting from point A and assuming that aggregate demand is held constant, in the long run the economy is likely to experience a a. falling price level and a falling level of output, as the economy moves to point C. b. rising price level and a falling level of output, as the economy moves to point B. c. falling price level and a rising level of output, as the economy moves to point B. d. rising price level and a rising level of output, as the economy moves to point C.

Figure 17.png » Q Price Level LRAS SRAS, SRAS, AD1 load AD2 Real GDP Refer to Figure 17. If the economy starts at A, a lower real interest te moves the economy from A to: B in the short run and the long run. B in the short run and C in the long run. B in the short run and A in the long run. D in the short run and A in the long run. •D in the short run and C in the long run.

Typed plzzz and Asap Thanks

2. The model of aggregate demand and supply represents O A. the relationship between the real Gross Domestic Product and the overall price level O B. the changes in Gross Domestic Product over time O C. the relationship between the inflation and unemployment rates O D. the changes in the price level over time