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Question 144

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

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