In Long-Run Full-Employment Equilibrium, Which of the Following Is True

question 71

Multiple Choice

In long-run full-employment equilibrium, which of the following is true ?

• A) The CPI equals AD equals the peak of the production function curve.
• B) The horizontal LRAS curve equals the intersection of the demand and supply curves in the labor market.
• C) The CPI equals the aggregate production function at the equilibrium wage rates.
• D) The CPI equals AD equals SRAS equals LRAS.

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