When a Country Is in Equilibrium on Its Long-Run Aggregate

question 27

Multiple Choice

When a country is in equilibrium on its long-run aggregate supply curve, the actual price level facing economic agents

• A) is greater than the price level expected by economic agents.
• B) is equal to the price level expected by economic agents.
• C) is less than the price level expected by economic agents.
• D) is greater than, equal to, or less than the price level expected by economic agents - Cannot be determined without more information.

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