At the Intersection of the Short-Run Aggregate Supply Curve, the Aggregate

question 183

Multiple Choice

At the intersection of the short-run aggregate supply curve, the aggregate demand curve, and the long-run aggregate supply curve, the economy is in:

• A)a short-run equilibrium but not a long-run equilibrium.
• B)a long-run equilibrium but not a short-run equilibrium.
• C)both a short-run and long-run equilibrium.
• D)neither a short-run nor long-run equilibrium.

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