In the Self-Correcting AD-AS Model, a Point Where the Economy's

question 36

Multiple Choice

In the self-correcting AD-AS model, a point where the economy's long-run AS curve, short-run AS curve, and AD curve all intersect at a single point represents a point where:

• A) real GDP is equal to its full-employment level.
• B) the conditions of short-run equilibrium are fulfilled.
• C) the conditions of long-run equilibrium are fulfilled.
• D) all of the above.
• E) a and c, but not b.

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