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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