Multiple Choice
Which of these does not hold true if an economy is simultaneously in long-run and short-run equilibrium?
A) The actual price level equals the expected price level.
B) Aggregate quantity supplied equals potential output.
C) Aggregate quantity demanded equals potential output.
D) Aggregate quantity supplied equals aggregate quantity demanded.
E) Aggregate demand curve is horizontal at the potential output level.
Correct Answer:

Verified
Correct Answer:
Verified
Q57: If the price level increases by 5
Q58: Which of the following is most likely
Q59: Which of the following if true would
Q60: The figure given below depicts long run
Q61: The figure below shows equilibrium in an
Q63: The short-run equilibrium output in the economy
Q64: Which of the following changes best represents
Q65: In 2009,actual output in the U.S.was 4.7
Q66: Suppose the real wage of a worker
Q67: In constructing a short-run aggregate supply curve,we