Multiple Choice
What does the long-run equilibrium price level represent?
A) the price level the economy is expected to reach when the economy produces its potential output
B) the price level the economy is expected to reach when interest rates are stabilized
C) the price level the economy is expected to reach when the federal budget is balanced
D) the price level the economy is expected to reach when the discount rate equals the prime rate
Correct Answer:

Verified
Correct Answer:
Verified
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