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Question 69

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Use the following to answer questions :
Exhibit: Supply Shock
Use the following to answer questions : Exhibit: Supply Shock -(Exhibit: Supply Shock) In this graph,assume that the economy starts at point A and there is a favourable supply shock that does not last forever.In this situation,point ______ represents short-run equilibrium and point ______ represents long-run equilibrium. A) B; C B) B; A C) E; D D) E; A
-(Exhibit: Supply Shock) In this graph,assume that the economy starts at point A and there is a favourable supply shock that does not last forever.In this situation,point ______ represents short-run equilibrium and point ______ represents long-run equilibrium.


A) B; C
B) B; A
C) E; D
D) E; A

Correct Answer:

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