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 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

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 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 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 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

Use the Following to Answer Questions