Short-Run Macroeconomic Equilibrium Occurs When

question 156

Multiple Choice

Short-run macroeconomic equilibrium occurs when

• A) aggregate demand and short-run aggregate supply intersect.
• B) the equilibrium lies on the long-run supply curve.
• C) the price level is constant in the short run.
• D) the two criteria-that aggregate demand and short-run aggregate supply intersect, and that the equilibrium lies on the long-run supply curve-are satisfied.

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