-Refer to the above figure. At the initial long-run equilibrium, the price level is ________, and at the new long-run equilibrium, the price level will be ________.
A) 20; 45
B) 20; 40
C) 40; 45
D) 20; 20

Question

-Refer to the above figure. At the initial long-run equilibrium, the price level is ________, and at the new long-run equilibrium, the price level will be ________.
A) 20; 45 
B) 20; 40 
C) 40; 45 
D) 20; 20

Quizplus · Accepted Answer

The Answer of 
-Refer to the above figure. At the initial long-run equilibrium, the price level is ________, and at the new long-run equilibrium, the price level will be ________.
A) 20; 45 
B) 20; 40 
C) 40; 45 
D) 20; 20

-Refer to the Above Figure