A change in short-run aggregate supply results in
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The economy is in short-run equilibrium when:
A) aggregate demand intersects short-run aggregate supply.
B) short-run aggregate supply intersects long-run aggregate supply.
C) aggregate demand intersects long-run aggregate supply.
D) aggregate demand intersects both long-run and short-run aggregate supply.
E) the economy is at full employment output.
A sudden crash in the stock market shifts:
a. the aggregate demand curve.
b. the short-run aggregate supply curve, but not the long-run aggregate supply curve.
c. the long-run aggregate supply curve, but not the short-run aggregate supply curve.
d. both the short-run and the long-run aggregate supply curves.
b. the short-run aggregate-supply curve, but not the long-run aggregate supply curve.