In the Long-Run Aggregate Demand-Aggregate Supply Model

question 60

Multiple Choice

In the long-run aggregate demand-aggregate supply model:

• A)long-run equilibrium occurs wherever the aggregate demand curve intersects the short-run aggregate supply curve.
• B)the long-run aggregate supply curve is horizontal.
• C)the price level is the same regardless of the location of the aggregate demand curve.
• D)long-run equilibrium occurs at the intersection of the aggregate demand curve, the short-run aggregate supply curve, and the long-run aggregate supply curve.

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