(Figure: Understanding Aggregate Graphs) If an economy is currently at point a, this figure depicts the economy in
A) long-run equilibrium only.
B) short-run equilibrium only.
C) both short-run and long-run equilibrium.
D) neither short-run nor long-run equilibrium.

Question

(Figure: Understanding Aggregate Graphs)  If an economy is currently at point a, this figure depicts the economy in
A) long-run equilibrium only. 
B) short-run equilibrium only. 
C) both short-run and long-run equilibrium. 
D) neither short-run nor long-run equilibrium.

Quizplus · Accepted Answer

The Answer of (Figure: Understanding Aggregate Graphs)  If an economy is currently at point a, this figure depicts the economy in
A) long-run equilibrium only. 
B) short-run equilibrium only. 
C) both short-run and long-run equilibrium. 
D) neither short-run nor long-run equilibrium.

(Figure: Understanding Aggregate Graphs) If an Economy Is Currently