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Question 37

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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 favorable 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 favorable 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

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