When the Economy Is Operating at a Point Where Aggregate

question 127

Multiple Choice

When the economy is operating at a point where aggregate demand equals short-run aggregate supply:

• A) aggregate demand must also equal long-run aggregate supply.
• B) the short-run level of output is not the same as long-run potential output.
• C) the economy is in long-run equilibrium.
• D) None of are true.

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