Multiple Choice
Long-run equilibrium will occur at the price level at which
A) the long-run aggregate demand and short-run aggregate supply curves intersect.
B) the aggregate demand and short-run aggregate supply curves intersect.
C) the aggregate demand and long-run aggregate supply curves intersect.
D) the short-run aggregate supply and long-run aggregate supply curves intersect.
Correct Answer:
Verified
Correct Answer:
Verified
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