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At the Intersection of the Short-Run Aggregate Supply Curve and the Aggregate

Question 214

Multiple Choice

At the intersection of the short-run aggregate supply curve and the aggregate demand curve, the economy is in:


A) a short-run equilibrium but not necessarily a long-run equilibrium.
B) a long-run equilibrium but not necessarily a short-run equilibrium.
C) both a short-run and a long-run equilibrium.
D) neither a short-run nor a long-run equilibrium.

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