Multiple Choice
Long-run macroeconomic equilibrium occurs when
A) the aggregate demand curve intersects the short-run aggregate supply curve.
B) the aggregate demand and short-run aggregate supply curves intersect at a point on the long-run aggregate supply curve.
C) structural and frictional unemployment equal zero.
D) output is above potential GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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Q126: Figure 13-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 13-2
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Q133: Figure 13-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 13-1