Within the Framework of the AD/AS Model, If a Long-Run

Multiple Choice

Within the framework of the AD/AS model, if a long-run equilibrium is present in the goods and services market,

A) decision makers will have accurately forecast the current price level when they arrived at resource price and loanable funds agreements.
B) the profit rates of the firms will generally exceed the competitive level.
C) the actual rate of unemployment will be less than the natural rate of unemployment.
D) output will exceed the economy's long-run sustainable output.