At the intersection of the short run aggregate supply curve, Ask an Expert

Economics

At the intersection of the short run aggregate supply curve (SAS), the aggregate demand curve (AD), and the long run aggregate supply curve (LAS) all occurring at the same point, the economy is:

A. in a short run equilibrium but not a long run equilibrium.

B. in a long run equilibrium but not a short run equilibrium.

C. in both a short run and long run equilibrium.

D. in neither a short run nor long run equilibrium. Review

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91722916

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