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Refer to the Graph Shown

Question 78

Multiple Choice

Refer to the graph shown. If the price level is P1, then: Refer to the graph shown. If the price level is P<sub>1</sub>, then: A) input prices will fall and output will rise in the long run. B) both input prices and output will fall in the long run. C) input prices will rise and output will fall in the long run. D) both input prices and output will rise in the long run.


A) input prices will fall and output will rise in the long run.
B) both input prices and output will fall in the long run.
C) input prices will rise and output will fall in the long run.
D) both input prices and output will rise in the long run.

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