Solved

The Economy Is in Both a Short- and Long-Run Equilibrium

Question 20

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions