Multiple Choice
When does macroeconomic equilibrium occur?
A) When aggregate supply equals long-run aggregate supply.
B) When the aggregate demand curve intersects the aggregate supply curve.
C) When the aggregate demand curve intersects the LAS curve.
D) When full employment occurs.
Correct Answer:
Verified
Correct Answer:
Verified
Q145: According to Keynes,the aggregate supply curve is
Q146: All of the following,except one,will shift the
Q147: At low levels of Real GDP,what is
Q148: Assume that the Potential GDP in the
Q149: According to neoclassical economists,what is true of
Q151: Which of the following will cause an
Q152: What will cause the AS curve to
Q153: Which of the following will most likely
Q154: What is the business cycle?<br>A)The periodic cycles
Q155: Assuming that the price level remains unchanged,what