The Point Where the Long-Run Aggregate Supply Curve Intercepts the Horizontal

question 247

Multiple Choice

The point where the long-run aggregate supply curve intercepts the horizontal axis is:

• A) the point that reflects the economy's actual output.
• B) the economy's potential output.
• C) the level of real GDP the economy would produce if all prices were flexible and wages were fixed.
• D) impossible to attain.

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