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figures. In terms of representing the economy, Multiple Choice neither Figure A nor Figure B consistently represents either the very short run or the long
figures. In terms of representing the economy, Multiple Choice neither Figure A nor Figure B consistently represents either the very short run or the long run. Figure B represents the very short run, where prices are sticky, and Figure A represents the long run. Figure A represents the very short run, where output is fixed, and Figure B represents the long run. demand shocks affect levels of output and employment in Figure A; demand shocks have no effect in Figure B
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