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Equilibrium in the Long Run Occurs When

Question 43

Multiple Choice

Equilibrium in the long run occurs when


A) AD intersects the short-run AS, regardless of output level.
B) AD intersects the short-run AS, regardless of price level.
C) AD intersects the short-run and the long-run AS curves at the same point.
D) the short-run AS curve intersects the long-run AS curve.

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