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Refer to the fiGures

Question 44

Multiple Choice

  Refer to the figures. As the economy moves from the very short run to the longer run, we would expect A)  the representation of the economy to move from Figure A to Figure B. B)  the representation of the economy to move from Figure B to Figure A. C)  demand shocks to be eliminated. D)  the economy to gravitate to P<sub>1</sub>. Refer to the figures. As the economy moves from the very short run to the longer run, we would expect


A) the representation of the economy to move from Figure A to Figure B.
B) the representation of the economy to move from Figure B to Figure A.
C) demand shocks to be eliminated.
D) the economy to gravitate to P1.

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