At a Short-Run Equilibrium Output Equals ________, While at a Long-Run

question 70

Multiple Choice

At a short-run equilibrium output equals ________, while at a long-run equilibrium output equals ________.

• A)potential output; an output level consistent with the inflation rate
• B)an output level consistent with the inflation rate; potential output
• C)the monetary policy reaction function; aggregate demand
• D)aggregate demand; the monetary policy reaction function

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