Use the figure below to answer the following question(s).
Figure 9-2

-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.

Question

Use the figure below to answer the following question(s).
Figure 9-2
 
-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.

Quizplus · Accepted Answer

The Answer of Use the figure below to answer the following question(s).
Figure 9-2
 
-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.

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