If LRAS were increasing, then in the long run we would most likely also expect to see ..... O A. AD increasing but AS unchanged O B. Ambiguous (could be up or down) changes in both AS and AD O C. AS increasing but AD unchanged D. Both AS and AD also increasing

If LRAS were increasing, then in the long run we would most likely also expect to see ..... O A. AD increasing but AS unchanged O B. Ambiguous (could be up or down) changes in both AS and AD O C. AS increasing but AD unchanged D. Both AS and AD also increasing

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

If LRAS were increasing, then in the long run we would most likely also expect to see
.....
O A. AD increasing but AS unchanged
O B. Ambiguous (could be up or down) changes in both AS and AD
O C. AS increasing but AD unchanged
D. Both AS and AD also increasing

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Question 78 Figure 33-3 PRICE LEVEL a a" a" LRAS B Y₁ Y ₂ QUANTITY OF OUTPUT SRAS, SRAS₂2 AD Refer to Figure 33-3. In Figure 33-3, Point B represents a O a. short-run equilibrium and a long-run equilibrium. b. short-run equilibrium, and Point A represents a long-run equilibrium. c. long-run equilibrium, and Point A represents a short-run equilibrium. O d. long-run equilibrium, and Point C represents a short-run equilibrium.
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