When the Aggregate Demand Curve and the Short-Run Aggregate Supply

question 43

Multiple Choice

When the aggregate demand curve and the short-run aggregate supply curve intersect

• A)the long-run aggregate supply curve must also intersect at the same point.
• B)inflation must be increasing.
• C)structural and frictional unemployment equal zero.
• D)the economy is in short-run macroeconomic equilibrium.

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Validity assessment obtained when a test score and criterion performance measure are collected at approximately the same time.

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The extent to which a test measures what it claims to measure, indicating the accuracy of the theoretical concept.

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