Multiple Choice
In the aggregate demand/aggregate supply model,long-run equilibrium occurs at the combination of output and prices where:
A) aggregate demand equals long-run aggregate supply.
B) aggregate demand equals short-run aggregate supply.
C) aggregate demand equals short-run and long-run aggregate supply.
D) short-run aggregate supply equals long-run aggregate supply.
Correct Answer:
Verified
Correct Answer:
Verified
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