contestada

in an ad/as model, if the economy is below its long-run output, what will happen in the long run if the markets are left alone? group of answer choices

Respuesta :

SRAS will shift right in an ad/as model, if the economy is below its long-run output, what will happen in the long run if the markets are left alone.

Whenever the level of aggregate output demanded equals the level of aggregate output supplied, an economic system is said to be in short run equilibrium. The short-run equilibrium output in the AD-AS model can be found where the Aggregate Demand (AD) touches the Short-Run Aggregate Supply (SRAS). If the aggregate supply curve, also known as the short-run aggregate supply or SRAS, shifts to the right, more real GDP is generated at every price level. When the aggregate supply curve shifts to the left, the amount of real GDP produced at each price level decreases.

Learn more on SRAS -

https://brainly.com/question/9299560

#SPJ4