Multiple Choice
The economy is in both a short- and long-run equilibrium if:
A) current inflation equals expected inflation and current output equals potential output.
B) the aggregate demand curve intersects the short-run aggregate supply curve.
C) the long-run aggregate supply curve is at potential output.
D) the short-run aggregate supply curve intersects the long-run aggregate supply curve at potential output.
Correct Answer:
Verified
Correct Answer:
Verified
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