In the Short Run, the Equilibrium Price Level and the Equilibrium

question 117

Multiple Choice

In the short run, the equilibrium price level and the equilibrium level of total output are determined by the intersection of

• A) the aggregate demand, the short-run aggregate supply and the long-run aggregate supply curves.
• B) the short-run aggregate supply and the long-run aggregate supply curves.
• C) the aggregate demand and the short-run aggregate supply curves.
• D) the aggregate demand and the long-run aggregate supply curves.

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Definitions:

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