If the Intersection of the Short-Run Aggregate Supply and the Aggregate

question 181

Multiple Choice

If the intersection of the short-run aggregate supply and the aggregate demand curves also intersects the long-run aggregate supply curve, then the economy is:

• A) at full employment.
• B) operating at more than full employment.
• C) in a recession.
• D) operating at less than full employment.

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Definitions:

Electoral College

A body of electors established by the United States Constitution, responsible for electing the president and vice president based on the popular vote in each state.

Majority Totals

The amount or number required to surpass half of a total count, especially in the context of votes or decisions.

Ideological Platforms

Ideological platforms are the sets of beliefs, values, and policy principles that political parties, candidates, or movements adopt and promote to distinguish themselves and to guide their political and legislative actions.