Multiple Choice
Which one of the following is TRUE?
A) The intersection of aggregate demand and aggregate supply identifies an equilibrium interest rate and an equilibrium wage level.
B) The intersection of aggregate demand and aggregate supply identifies an equilibrium interest rate and an equilibrium level of exports.
C) The intersection of aggregate demand and aggregate supply identifies an equilibrium level of employment and an equilibrium level of investment.
D) The intersection of aggregate demand and aggregate supply identifies an equilibrium price level and an equilibrium level of real GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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