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P', there is The following graph shows an aggregate demand (AD) curve and a short-run aggregate supply (SRAS) curve for an economy. Suppose that
P', there is The following graph shows an aggregate demand (AD) curve and a short-run aggregate supply (SRAS) curve for an economy. Suppose that the economy is initially in a short-nun equilibnum: at Pg, and Real GDP is 25 billion. Suppose that at some point, the price decreases to P PRICE LEVEL tput, and consumers " HEAL GOP takar SRA of $ billion goods. As a result, the price level consumption, firms a shortage or a surplus Falls or remains the same or rises Decrease or do not charge or increase
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