Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
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