Multiple Choice
Figure 20-2.
-Refer to Figure 20-2. Point B represents
A) a short-run equilibrium and a long-run equilibrium.
B) a short-run equilibrium but not a long-run equilibrium.
C) a long-run equilibrium but not a short-run equilibrium.
D) neither a short-run equilibrium nor a long-run equilibrium.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Other things the same,as the price level
Q3: An increase in the expected price level
Q4: If the price level falls,the real value
Q6: According to the classical model,which of the
Q12: The model of aggregate demand and aggregate
Q18: Which of the following both shift aggregate
Q79: The effect of an increase in the
Q91: Suppose a shift in aggregate demand creates
Q94: Like real GDP, investment fluctuates, but it
Q463: Suppose the economy is in long-run equilibrium.