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

Multiple Choice

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

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