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The Short-Run Equilibrium in the Dynamic Model of Aggregate Demand

Question 45

Multiple Choice

The short-run equilibrium in the dynamic model of aggregate demand and aggregate supply is determined by the intersection of the:

A) DAD_t and DAS_{t - 1}.
B) DAD_t and DAS_t.
C) Y_t and DAS_t.
D) DAD_{t - 1} and Y_t.

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