Figure 37 Price level LRAS SRAS SRASO SRAS LRAS H G ADO Real

Last updated: 12/10/2023

Figure 37 Price level LRAS SRAS SRASO SRAS LRAS H G ADO Real GDP 37 The economy s initial aggregate demand AD and aggregate supply SRAS and LRAS curves are illustrated in Figure 37 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