If current output is Q1 and full-employment output is Q3, then in the long run the short aggregate supply schedule is   Multiple Choice   AS1.   AS2.   AD.

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter14: Environmental Economics
Section14.2: Achieving Environmental Efficiency
Problem 2.2GE
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If current output is Q1 and full-employment output is Q3, then in the long run the short aggregate supply schedule is

 

Multiple Choice
  •  

    AS1.

  •  

    AS2.

  •  

    AD.

  •  

    AS3.

AS2
AS,
AS3
e2
e3
P3
AD
Q2 Q, Q3
Real Domestic Output
Price Level
Transcribed Image Text:AS2 AS, AS3 e2 e3 P3 AD Q2 Q, Q3 Real Domestic Output Price Level
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