Since 1960, when the central american beef market began booming, over 25% of the rainforests have been cleared for cattle grazin
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Answer:
<h3>P3 and Q3 </h3>The intersection of AD curve and the long-run aggregate supply curve determines the equilibrium real GDP and price level in the long run.This happens at P3 and Q3.
Explanation:
Exhibit 9-4 Refer to Exhibit 9-4.
Assume the economy is self-regulating and currently is in long-run equilibrium with the price level equal to P5.
If something happens that shifts the AD curve to the AD1 position, the economy will eventually settle down at a long-run equilibrium point of __________. Question 6 options: P5, Q3. P4, Q4. P3, Q3. P3, Q5. P4, Q2.
<h3>P3 and Q3 </h3>The intersection of AD curve and the long-run aggregate supply curve determines the equilibrium real GDP and price level in the long run.This happens at P3 and Q3.
