-In the Above Figure, the Short-Run Equilibrium Will Eventually Adjust

question 1

Multiple Choice

-In the above figure, the short-run equilibrium will eventually adjust to a long-run equilibrium with a

• A) lower price level and smaller real GDP.
• B) higher price level and larger real GDP.
• C) higher price level and smaller real GDP.
• D) lower price level and larger real GDP.

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