Multiple Choice
The table above gives the aggregate demand and aggregate supply schedules in Lotus Land. Lotus Land is in short- run macroeconomic equilibrium. In the long run, if aggregate demand does not change then Lotus Land will return to full- employment as .
A) businesses cut their imports
B) the money wage rate falls
C) the money wage rate rises
D) the government cuts taxes
Correct Answer:
Verified
Correct Answer:
Verified
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