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Exhibit 14A-4  Macro AD-AS Model in Exhibit 14A-4, Point P2

Question 56

Multiple Choice

Exhibit 14A-4  Macro AD-AS Model Exhibit 14A-4  Macro AD-AS Model In Exhibit 14A-4, point P<sub>2</sub>, Y<sub>1</sub> represents: A) that the economy needs policies to reduce unemployment. B) a long-run equilibrium. C) a short-run equilibrium. D) that the economy is at full employment. In Exhibit 14A-4, point P2, Y1 represents:


A) that the economy needs policies to reduce unemployment.
B) a long-run equilibrium.
C) a short-run equilibrium.
D) that the economy is at full employment.

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