Multiple Choice
Use the figure below to answer the following question(s) .
Figure 10-7
-The economy depicted in Figure 10-8 is in
A) short-run equilibrium at less than the full-employment output level.
B) short-run equilibrium at an output level beyond full employment.
C) long-run equilibrium at point a.
D) long-run equilibrium at point b.
Correct Answer:
Verified
Correct Answer:
Verified
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