The Following Question Are Based on the Following Diagram

question 62

Multiple Choice

The following question are based on the following diagram:

-An equilibrium level of output and an equilibrium price level occur

• A) only when the aggregate supply curve is horizontal.
• B) when the price level equals the level of national output.
• C) as long as the aggregate demand curve slopes upward.
• D) where the aggregate supply and demand curves intersect.
• E) in the short run only with specific government intervention.

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