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In Short- Run Macroeconomic Equilibrium

Question 93

Multiple Choice

In short- run macroeconomic equilibrium,


A) real GDP is less than potential GDP.
B) the price level is fixed and short- run aggregate supply determines real GDP.
C) real GDP equals potential GDP and aggregate demand determines the price level.
D) real GDP and the price level are determined by short- run aggregate supply and aggregate demand.

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