Long-Run Macroeconomic Equilibrium Occurs When the Aggregate Demand Curve ________

question 171

Multiple Choice

Long-run macroeconomic equilibrium occurs when the aggregate demand curve ________ the short-run aggregate supply curve,and they ________ the long-run supply curve.

• A)intersects; intersect at a point to the right of
• B)intersects; intersect at a point on
• C)is steeper than; intersect at a point to the left of
• D)is flatter than; intersect at a point to the right of

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Definitions:

Social Comparison

The process of evaluating oneself in relation to others, which can influence self-esteem, motivation, and social behaviors.

Equity Theory

A theory in social psychology that posits individuals assess their job satisfaction based on the ratio of inputs to outcomes compared to others, seeking fairness in exchanges.

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