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

question 62

Multiple Choice

-The reason that it is possible for the economy in the above figure to be at equilibrium point E<sub>2</sub> rather than at equilibrium point E<sub>1</sub> is that A) in the long run there is always less than full employment. B) in the short run the economy can produce more than it can in a long-run situation. C) AD always shifts rightward and never shifts leftward. D) the economy must be in a recession.
-The reason that it is possible for the economy in the above figure to be at equilibrium point E2 rather than at equilibrium point E1 is that

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