Multiple Choice
Exhibit 11-3 
-Consider Exhibit 11-3. In this situation, long-run equilibrium would be established by a(n)
A) increase of short-run aggregate supply to close the expansionary gap
B) decrease of short-run aggregate supply to close the expansionary gap
C) decrease of short-run aggregate supply to close the contractionary gap
D) increase of short-run aggregate supply to close the contractionary gap
E) rightward shift of the aggregate demand curve
Correct Answer:
Verified
Correct Answer:
Verified
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