Refer to the Graph Shown

question 78

Multiple Choice

Refer to the graph shown. If the price level is P₁, then:

• A)input prices will fall and output will rise in the long run.
• B)both input prices and output will fall in the long run.
• C)input prices will rise and output will fall in the long run.
• D)both input prices and output will rise in the long run.

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