Multiple Choice
Macroeconomic equilibrium is described as the combination of
A) potential output and price level that is on both the AD curve and AS curve.
B) real GDP and price level that is on both the AD curve and 45-degree line.
C) real GDP and price level that is on both the AD curve and AS curve.
D) all individual demand curves and all individual supply curves.
E) all individual demand curves and potential GDP.
Correct Answer:

Verified
Correct Answer:
Verified
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