A Short- Run Macroeconomic Equilibrium Occurs

question 131

Multiple Choice

A short- run macroeconomic equilibrium occurs

• A) when the rate at which prices of goods and services increase equals the rate at which money wage rates increase.
• B) at the intersection of the short- run aggregate supply curve and the aggregate demand curve.
• C) at the intersection of the short- run aggregate supply curve and the long- run aggregate supply curve.
• D) at the intersection of the short- run aggregate supply curve, the long- run aggregate supply curve, and the aggregate demand curve.