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Use the Figure Below to Answer the Following Question(s)

Question 194

Multiple Choice

Use the figure below to answer the following question(s) . Figure 9-2
Use the figure below to answer the following question(s) . Figure 9-2   Figure 9-2 indicates that the output of the economy, y<sub>1</sub>, is A)  greater than the economy's long-run capacity. B)  equal to the economy's long-run capacity. C)  less than the economy's long-run capacity. D)  in short-run equilibrium but not long-run equilibrium. Figure 9-2 indicates that the output of the economy, y1, is


A) greater than the economy's long-run capacity.
B) equal to the economy's long-run capacity.
C) less than the economy's long-run capacity.
D) in short-run equilibrium but not long-run equilibrium.

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