Multiple Choice
Use the figure below to answer the following question(s) .
Figure 9-2
-Figure 9-2 indicates that the output of the economy,y₁,is
A) greater than the economy's long-run capacity.
B) equal to the economy's long-run capacity.
C) less than the economy's long-run capacity.
D) in short-run equilibrium but not long-run equilibrium.
Correct Answer:

Verified
Correct Answer:
Verified
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