If the Economy Is Simultaneously in Long-Run and Short-Run Equilibrium,which

question 43

Multiple Choice

If the economy is simultaneously in long-run and short-run equilibrium,which of the following is not true?

• A)The actual price level equals the expected price level.
• B)Aggregate quantity supplied equals potential output.
• C)Aggregate quantity demanded equals potential output.
• D)Aggregate quantity supplied equals aggregate quantity demanded.
• E)The aggregate demand curve is horizontal at the potential output level.

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Definitions:

Acceptable Name

A name for a chemical compound that conforms to the nomenclature rules established by the relevant scientific body, such as IUPAC, and is universally recognized.

Methyl Phenyl Ketone

An organic compound, also known as acetophenone, with the formula C8H8O, characterized by a benzene ring attached to a carbonyl group.

Accepted Name

The officially recognized name for a chemical substance or compound according to specific naming conventions or regulatory authorities.

Acceptable Name

A term or nomenclature that conforms to the agreed conventions and standards in scientific or technical contexts.