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(Figure: Understanding Aggregate Graphs 2) If an Economy Is

Question 265

Multiple Choice

(Figure: Understanding Aggregate Graphs 2) (Figure: Understanding Aggregate Graphs 2) If an economy is at point a, this figure depicts the economy in A) long-run equilibrium only. B) short-run equilibrium only. C) both short-run and long-run equilibrium. D) neither short-run nor long-run equilibrium. If an economy is at point a, this figure depicts the economy in


A) long-run equilibrium only.
B) short-run equilibrium only.
C) both short-run and long-run equilibrium.
D) neither short-run nor long-run equilibrium.

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