Multiple Choice
Which of the following statements is incorrect?
A) The point where the short-run and long-run supply curves intersect corresponds to the potential level of output.
B) Any point on the short-run aggregate supply curve reflects current inflation equals target inflation.
C) Inflation and output are unrelated in the long run.
D) In the long run, inflation is determined by monetary policy.
Correct Answer:
Verified
Correct Answer:
Verified
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