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Long-Run Equilibrium Occurs Where

Question 4

Multiple Choice

Long-run equilibrium occurs where:


A) real output is greater than potential output.
B) the vertical long-run aggregate supply curve, and short-run aggregate supply curve intersect.
C) the aggregate demand curve, and short-run aggregate supply curve intersect
D) the aggregate demand curve, vertical long-run aggregate supply curve, and short-run aggregate supply curve all intersect.

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