Use the following to answer questions :
Exhibit: Short Run to Long Run
-(Exhibit: Short Run to Long Run) Based on the graph, if the economy starts from a short-term equilibrium at A, then the long-run equilibrium will be at ____ with a _____ price level.
A) B; higher
B) B; lower
C) C; higher
D) C; lower

Question

Use the following to answer questions :
Exhibit: Short Run to Long Run 
-(Exhibit: Short Run to Long Run) Based on the graph, if the economy starts from a short-term equilibrium at A, then the long-run equilibrium will be at ____ with a _____ price level.
A) B; higher 
B) B; lower 
C) C; higher 
D) C; lower

Quizplus · Accepted Answer

The Answer of Use the following to answer questions :
Exhibit: Short Run to Long Run 
-(Exhibit: Short Run to Long Run) Based on the graph, if the economy starts from a short-term equilibrium at A, then the long-run equilibrium will be at ____ with a _____ price level.
A) B; higher 
B) B; lower 
C) C; higher 
D) C; lower

Use the Following to Answer Questions