Multiple Choice
Which of the following best describes the equilibrium of aggregate supply and aggregate demand?
A) a situation in which the slope of aggregate demand equals the slope of aggregate supply
B) a situation in which quantity demanded exceeds quantity supplied
C) a situation in which quantity demanded equals quantity supplied at a unique price level
D) a situation in which quantity supplied exceeds quantity demanded at a unique price level
Correct Answer:
Verified
Correct Answer:
Verified
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