Long-Run Macroeconomic Equilibrium Occurs When Aggregate Demand ________ Short-Run Aggregate

question 196

Multiple Choice

Long-run macroeconomic equilibrium occurs when aggregate demand ________ short-run aggregate supply and they ________ the long-run supply curve.

• A)equals; intersect at a point to the right of
• B)equals; intersect at a point on
• C)is greater than; intersect at a point to the left of
• D)is less than; intersect at a point to the right of
• E)equals; intersect at a point to the left of

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Definitions:

Confidence Level

The probability, expressed as a percentage, that the result of an experiment or study will fall within a specified range of values.

Confidence Interval

An interval of values, calculated from samples, that probably includes an undetermined population statistic, at a designated level of certainty.

Ordinal Data

A type of categorical statistical data type that involves order or ranking of the values but not the exact difference between them.

Weight

A measure of the gravitational force exerted on an object, typically measured in pounds or kilograms.