Multiple Choice
Use the following to answer questions :
Exhibit: Short Run to Long Run
-(Exhibit: Short Run to Long Run) Based on the graph, if the economy starts from a short-term equilibrium at A, then the long-run equilibrium will be at ____ with a _____ price level.
A) B; higher
B) B; lower
C) C; higher
D) C; lower
Correct Answer:

Verified
Correct Answer:
Verified
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