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At a Short-Run Equilibrium Output Equals ________, While at a Long-Run

Question 70

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At a short-run equilibrium output equals ________, while at a long-run equilibrium output equals ________.


A) potential output; an output level consistent with the inflation rate
B) an output level consistent with the inflation rate; potential output
C) the monetary policy reaction function; aggregate demand
D) aggregate demand; the monetary policy reaction function

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