(I)If Long-Run Equilibrium Is Present in the Goods and Services

Multiple Choice

(I) If long-run equilibrium is present in the goods and services market,the current price level will equal the price level buyers and sellers anticipated.
(II) When an economy is in long-run equilibrium,the actual rate of unemployment will equal the natural rate of unemployment.

A) Both I and II are true.
B) Both I and II are false.
C) I is true;II is false.
D) I is false;II is true.