Figure 24-1

-In Figure 24.1 above, an equilibrium output greater than Yn is ________ attainable in the ________-run.
A)only; short
B)only; long
C)not; short
D)always; long

Question

Figure 24-1 
 
-In Figure 24.1 above, an equilibrium output greater than Yn is ________ attainable in the ________-run.
A)only; short 
B)only; long 
C)not; short 
D)always; long

Quizplus · Accepted Answer

In the short run, an economy can produce beyond its natural level of output (Yn) due to factors like increased demand or temporary boosts in productivity. However, this is not sustainable in the long run due to resource constraints and potential inflationary pressures.

Figure 24-1 -In Figure 24.1 Above, an Equilibrium Output Greater Than Yn