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The Graph Shown Displays Various Price and Output Levels in an Economy

question 18

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The graph shown displays various price and output levels in an economy. The graph shown displays various price and output levels in an economy.   If the economy is currently at point E<sub>1</sub>, it must be in: A)  long-run equilibrium. B)  a recession. C)  an economic boom. D)  an economic recovery. If the economy is currently at point E1, it must be in:


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