Question: Question 3 7 ( 2 . 5 points ) What happens when the economy operates beyond its long - run aggregate supply ( LRAS )
Question points
What happens when the economy operates beyond its longrun aggregate supply LRAS
Unemployment falls below the natural rate
Inflationary pressures increase
The economy experiences unsustainable growth
All of the above
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
