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Next question Refer to Figure 15.2. Adjustment from a short - run equilibrium to the long - run equilibrium is Long-run AS represented by a

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Next question Refer to Figure 15.2. Adjustment from a short - run equilibrium to the long - run equilibrium is Long-run AS represented by a movement from point to point OA. e b AS OB. a, C Price level P AS AS Oc. a e OD. a; b AD Yo YF Output y Figure 15.2

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