In the Aggregate Demand/aggregate Supply Model,long-Run Equilibrium Occurs at the Combination

question 45

Multiple Choice

In the aggregate demand/aggregate supply model,long-run equilibrium occurs at the combination of output and prices where:

• A) aggregate demand equals long-run aggregate supply.
• B) aggregate demand equals short-run aggregate supply.
• C) aggregate demand equals short-run and long-run aggregate supply.
• D) short-run aggregate supply equals long-run aggregate supply.

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