-Refer to the Above Figure

Multiple Choice

-Refer to the above figure. Suppose the economy's initial equilibrium is represented by the intersection of LRAS₁ and AD₁. Suppose there is a persistent reduction in labor force participation, which reduces total planned production at any given price level. The resulting change in the economy's long-run equilibrium position would be represented by a

A) movement from A to C.
B) movement from A to B.
C) movement from B to C.
D) movement from C to A.