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If Short-Run Equilibrium Output Is Above Full-Employment Output,then in the Long

Question 78

Multiple Choice

If short-run equilibrium output is above full-employment output,then in the long run input prices will


A) decrease and output will increase.
B) increase and output will be unaffected.
C) increase and short-run aggregate supply will increase.
D) increase and output will fall.
E) decrease and output will fall.

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