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-Refer to Exhibit 8-2

Question 17

Multiple Choice

-Refer to Exhibit 8-2.What word (rises or falls) should go in blank (7) and blank (8) ,respectively,to summarize the resulting impact on short run equilibrium of the given change in the economy? A) rises; rises B) falls; falls C) rises; falls D) falls; rises
-Refer to Exhibit 8-2.What word (rises or falls) should go in blank (7) and blank (8) ,respectively,to summarize the resulting impact on short run equilibrium of the given change in the economy?


A) rises; rises
B) falls; falls
C) rises; falls
D) falls; rises

Correct Answer:

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