Multiple Choice
The economy is in long-run equilibrium when
A) aggregate demand intersects short-run aggregate supply.
B) short-run aggregate supply intersects long-run aggregate supply.
C) aggregate demand intersects long-run aggregate supply.
D) aggregate demand intersects both long-run and short-run aggregate supply.
E) the inflation rate is equal to zero.
Correct Answer:
Verified
Correct Answer:
Verified
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