Multiple Choice
Graphically, long-run equilibrium occurs at the intersection of the aggregate demand curve and:
A) the aggregate supply curve and potential output.
B) the planned aggregate expenditure line.
C) the aggregate supply curve.
D) potential output.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q9: When actual output is less than potential
Q37: To achieve long-run equilibrium in an economy
Q41: Shifts in _ can return the economy
Q42: A demand shock is a change in
Q43: Starting from potential output, if consumer confidence
Q44: A positive demand shock will shift the
Q47: When actual output is less than potential
Q49: The aggregate supply curve shows the relationship
Q50: The aggregate supply curve will shift rightward
Q51: When the interest rate in the U.S.falls,