Exhibit: Supply Shock In this graph, assume that the economy starts at point A, and there is a favourable 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

Question

Exhibit: Supply Shock  In this graph, assume that the economy starts at point A, and there is a favourable 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

Quizplus · Accepted Answer

The Answer of Exhibit: Supply Shock  In this graph, assume that the economy starts at point A, and there is a favourable 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