Long-Run Macroeconomic Equilibrium Occurs When

question 205

Multiple Choice

Long-run macroeconomic equilibrium occurs when

• A)aggregate demand equals short-run aggregate supply.
• B)aggregate demand equals short-run aggregate supply and they intersect at a point on the long-run supply curve.
• C)structural and frictional unemployment equals zero.
• D)output is above potential GDP.

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Mathematical Operations

Basic procedures, including addition, subtraction, multiplication, and division, used in mathematics to calculate and solve problems.

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The process of absorbing new information into our existing cognitive frameworks, often discussed in the context of learning and cultural integration.

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