(Figure: Understanding Aggregate Graphs) This Economy Is Currently at Point

question 161

Multiple Choice

(Figure: Understanding Aggregate Graphs) This economy is currently at point a. This figure depicts an economy:

• A) in neither short-run nor long-run equilibrium.
• B) in short-run equilibrium only.
• C) in both short-run and long-run equilibrium
• D) in long-run equilibrium only.

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