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Exhibit 15-5 -The Economy Pictured in Exhibit 15-5 Is

Question 89

Multiple Choice

Exhibit 15-5 Exhibit 15-5 -The economy pictured in Exhibit 15-5 is A) in a long-run equilibrium at the price level P and income level Y B) in a short-run equilibrium at the price level P and income level Y C) experiencing a contractionary gap at price level P and income level Y D) not able to reach a long-run equilibrium without government intervention E) in a short-run equilibrium at the price level P' and income level Y
-The economy pictured in Exhibit 15-5 is


A) in a long-run equilibrium at the price level P and income level Y
B) in a short-run equilibrium at the price level P and income level Y
C) experiencing a contractionary gap at price level P and income level Y
D) not able to reach a long-run equilibrium without government intervention
E) in a short-run equilibrium at the price level P' and income level Y

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