Long-Run Macroeconomic Equilibrium Occurs When

question 257

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 aggregate supply curve.
• C)structural and frictional unemployment equals zero.
• D)output is above potential GDP.

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