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Consider an Aggregate Demand / Aggregate Supply Diagram

Question 23

Multiple Choice

Consider an aggregate demand / aggregate supply diagram. The intersection of the vertical aggregate supply curve and the aggregate demand curve determines the


A) short-run levels of prices and output.
B) short-run and long-run levels of prices and output.
C) long-run levels of prices and output.
D) short-run level of output and the long-run level of prices.

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