Long-Run Equilibrium in the Goods and Services Market Requires That

Multiple Choice

Long-run equilibrium in the goods and services market requires that decision makers who agreed to long-term contracts must have

A) incorrectly anticipated the level of prices when they made the agreements.
B) correctly anticipated the level of prices when they made the agreements.
C) correctly anticipated the natural rate of unemployment when they made the agreements.
D) correctly anticipated actual GDP when they made the agreements.