Which One of the Following Is True

question 306

Multiple Choice

Which one of the following is true?

• A) The intersection of aggregate demand and aggregate supply identifies an equilibrium interest rate and an equilibrium wage level.
• B) The intersection of aggregate demand and aggregate supply identifies an equilibrium interest rate and an equilibrium level of exports.
• C) The intersection of aggregate demand and aggregate supply identifies an equilibrium level of employment and an equilibrium level of investment.
• D) The intersection of aggregate demand and aggregate supply identifies an equilibrium price level and an equilibrium level of real GDP.

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