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Match the labeled points in the accompanying figure (and listed below, at left) with the various
equilibrium possibilites given below, at right. Point E is A. Short-run equilbrium only Point E3 is B.
Both short- and long-run Point E1 is C. Long-run equalibrium only Point E2 is D. Neither When the
economy is in a position such as E3, it is operasing the ful-employment level of real GDP.

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Match the labeled points in the accompanying figure and lis.pdf

  • 1. Match the labeled points in the accompanying figure (and listed below, at left) with the various equilibrium possibilites given below, at right. Point E is A. Short-run equilbrium only Point E3 is B. Both short- and long-run Point E1 is C. Long-run equalibrium only Point E2 is D. Neither When the economy is in a position such as E3, it is operasing the ful-employment level of real GDP.