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-In the Above Figure, the Short-Run Equilibrium Will Eventually Adjust

Question 1

Multiple Choice

-In the above figure, the short-run equilibrium will eventually adjust to a long-run equilibrium with a A) lower price level and smaller real GDP. B) higher price level and larger real GDP. C) higher price level and smaller real GDP. D) lower price level and larger real GDP.
-In the above figure, the short-run equilibrium will eventually adjust to a long-run equilibrium with a


A) lower price level and smaller real GDP.
B) higher price level and larger real GDP.
C) higher price level and smaller real GDP.
D) lower price level and larger real GDP.

Correct Answer:

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