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.

---

Definitions:

Sales Goals

Specific objectives set by a business related to the amount of product or services sold within a particular timeframe.

Proprietorship

A type of business entity owned and run by one individual, with no distinction between the business and the owner.

Personal Loans

Unsecured loans given to individuals based on their credit score and other factors, used for personal expenses.

Debts

Money that is owed or due to another individual or entity.