In the Aggregate Demand-Aggregate Supply Model, Long-Run Equilibrium Occurs at the Combination

question 107

Multiple Choice

In the aggregate demand-aggregate supply model, long-run equilibrium occurs at the combination of output and prices where:

• A) aggregate demand is greater than long-run aggregate supply.
• B) aggregate demand equals short-run aggregate supply.
• C) aggregate demand equals short-run and long-run aggregate supply.
• D) short-run aggregate supply equals long-run aggregate supply.

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