Exhibit 14A-4  Macro AD-AS Model in Exhibit 14A-4, Point P₂

question 56

Multiple Choice

Exhibit 14A-4  Macro AD-AS Model In Exhibit 14A-4, point P₂, Y₁ represents:

• A) that the economy needs policies to reduce unemployment.
• B) a long-run equilibrium.
• C) a short-run equilibrium.
• D) that the economy is at full employment.