Within the Framework of the AD/AS Model, in the Long

question 73

Multiple Choice

Within the framework of the AD/AS model, in the long run, output

• A) will exceed the economy's long-run capacity.
• B) will be less than the economy's long-run capacity.
• C) will converge toward the economy's long-run capacity.
• D) must equal approximately 95 percent of the economy's long-run capacity.

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