In Short- Run Macroeconomic Equilibrium

question 241

Multiple Choice

In short- run macroeconomic equilibrium

• A) real GDP and the price level are determined by short- run aggregate supply and aggregate demand.
• B) real GDP equals potential GDP and aggregate demand determines the price level.
• C) real GDP is less than potential GDP.
• D) the price level is fixed and short- run aggregate supply determines real GDP.

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Definitions:

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Medication Management

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