Answer:
The correct answer is A. a long-run trend path for real GDP
Explanation:
Let us first observe the point where the aggregate supply is equal to the aggregate demand, that is, the equilibrium point. We can find this point in the following diagram; It is where the aggregate supply curve, OA, and the aggregate demand curve, DA, intersect, showing real equilibrium GDP and the equilibrium price level in the economy.
When production has a relatively low price level, companies have little incentive to produce, although consumers may be willing to buy a high quantity. As the price level of the goods and services produced increases, the aggregate supply increases and the aggregate demand decreases until reaching the equilibrium point.
Answer:
Following is given the solution for the question.
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Explanation:
Only one recording of a given sound could be made; copies were not possible.
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