The Macroeconomy Is Said to Be in Long-Run Equilibrium Only

Multiple Choice

The macroeconomy is said to be in long-run equilibrium only if

A) the resource, loanable funds, foreign exchange, and goods and services markets are all in equilibrium.
B) prices were incorrectly estimated by decision makers.
C) the output of the economy exceeds the full-employment level of output.
D) the economy is operating along its short-run aggregate supply curve.