The Economy Is in Long-Run Equilibrium When

question 35

Multiple Choice

The economy is in long-run equilibrium when

• A) aggregate demand intersects short-run aggregate supply.
• B) short-run aggregate supply intersects long-run aggregate supply.
• C) aggregate demand intersects long-run aggregate supply.
• D) aggregate demand intersects both long-run and short-run aggregate supply.
• E) the inflation rate is equal to zero.

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Definitions:

"Can't Say" Limitations

Constraints in surveys or questionnaires due to participants choosing not to answer or being unable to provide a response.

"Won't Say" Limitations

Restrictions or challenges in data collection and research when participants refuse to provide answers or give an opinion, leading to incomplete or biased data.

Sales Forecasting

The process of estimating future sales volume and revenue, based on historical data, market analysis, and current trends.

Three-Month Period

refers to a fixed duration or span of time encompassing ninety days or roughly one quarter of a year.