Multiple Choice
-Refer to Figure 15.2. Adjustment from a short-run equilibrium to the long-run equilibrium is represented by a movement from point ________ to point ________.
A) a; e
B) a; c
C) e; b
D) a; b
Correct Answer:

Verified
Correct Answer:
Verified
Q107: In the short run, decreases in government
Q108: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2855/.jpg" alt=" -Refer to Figure
Q109: In the long run<br>A) prices are sticky.<br>B)
Q110: Figure 15.3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2855/.jpg" alt="Figure 15.3
Q111: How long do economists think it takes
Q113: Figure 15.5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2855/.jpg" alt="Figure 15.5
Q114: Explain the political business cycle.
Q115: The "long-run neutrality of money" is when
Q116: Suppose that GDP is _ potential output.
Q117: Classical economics is often associated with Say's