A Short-Run Macroeconomic Equilibrium Occurs

question 311

Multiple Choice

A short-run macroeconomic equilibrium occurs

• A) at the intersection of the short-run aggregate supply curve and the long-run aggregate supply curve.
• B) at the intersection of the short-run aggregate supply curve and the aggregate demand curve.
• C) at the intersection of the short-run aggregate supply curve, the long-run aggregate supply curve, and the aggregate demand curve.
• D) when the rate at which prices of goods and services increase equals the rate at which money wage rates increase.

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