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Exhibit: Short Run to Long Run Based on the Graph

Question 20

Multiple Choice

Exhibit: Short Run to Long Run Exhibit: Short Run to Long Run Based on the graph, if the economy starts from a short-term equilibrium at D, then the long-run equilibrium will be at _____, with a _____ price level. A) B; higher B) B; lower C) C; higher D) C; lower Based on the graph, if the economy starts from a short-term equilibrium at D, then the long-run equilibrium will be at _____, with a _____ price level.


A) B; higher
B) B; lower
C) C; higher
D) C; lower

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