-The Reason That It Is Possible for the Economy in the Above

question 413

Multiple Choice

-The reason that it is possible for the economy in the above figure to be at equilibrium E₂ rather than at E₁ is that

• A) in the short run the economy can produce more than it can in a long- run situation.
• B) AD always shifts rightward and never shifts leftward.
• C) the economy must be in a recession.
• D) in the long run there is always less than full employment.

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