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In the Aggregate Demand-Aggregate Supply Model, Short-Run Equilibrium Occurs at the Combination

Question 91

Multiple Choice

In the aggregate demand-aggregate supply model, short-run equilibrium occurs at the combination of output and prices where:


A) aggregate demand equals long-run aggregate supply.
B) aggregate demand equals short-run aggregate supply.
C) aggregate demand equals short-run and long-run aggregate supply.
D) short-run aggregate supply equals long-run aggregate supply.

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