Question: 91 pts What is the relationship between the aggregate demand (AD), short-run aggregate supply (SRAS) and long-run aggregate supply (LRAS) curves when the economy is
91 pts What is the relationship between the aggregate demand (AD), short-run aggregate supply (SRAS) and long-run aggregate supply (LRAS) curves when the economy is in equilibrium? Group of answer choices In long-run equilibrium, the SRAS curve intersects the LRAS curve above the point at which the AD curve intersects the LRAS curve. In long-run equilibrium, the SRAS curve intersects the LRAS curve below the point at which the AD curve intersects the LRAS curve. In long-run equilibrium, the SRAS is the same curve as the LRAS curve and it is intersected by the AD curve. In long-run equilibrium, the SRAS curve and the AD curve intersect at a point on the LRAS curve
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