In the Short Run, the Intersection of the Aggregate Demand

question 229

Multiple Choice

In the short run, the intersection of the aggregate demand and the short-run aggregate supply curves,

• A) determines the equilibrium price level.
• B) is a point where there is neither a surplus nor a shortage of goods.
• C) determines the equilibrium level of real GDP.
• D) All of the above answers are correct.

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