Multiple Choice
Figure 15-2.
-Refer to Figure 15-2. 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
Q13: Historically,the change in real GDP during recessions
Q44: Recessions occur at irregular intervals and are
Q52: In 2009 Congress passed legislation providing states
Q61: The equation: quantity of output supplied =
Q92: Which of the following shifts both short-run
Q94: Which of the following will both make
Q114: Other things the same,a decrease in the
Q118: Economists mostly agree that the Great Depression
Q124: If not all prices adjust instantly to
Q199: Suppose the economy is in long-run equilibrium.