The unique equilibrium output level in the short-run is found at the intersection of the following curves
A) aggregate demand and aggregate supply
B) aggregate demand and 45 degree line
C) aggregate supply and 45 degree line
D) aggregate demand and short-run aggregate supply
E) aggregate supply and long-run demand
B
Economics
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In Figure 4-9 above, suppose LMA shifts to LMB. The distance from points A to L tells us
A) the change in income given zero interest responsiveness of Ap. B) the change in income resulting from the interest rate falling to its value at point B?. C) how much the money supply increased in producing the LM shift. D) the change in income that by itself raises the demand for money by as much as the money supply rose.
Economics
Ferdinand Magellan was one of the leading explorers from _____
a. England b. France c. Holland d. Portugal e. Spain
Economics