Long-Run Macroeconomic Equilibrium Occurs When Aggregate Demand ________ Short-Run Aggregate

question 15

Multiple Choice

Long-run macroeconomic equilibrium occurs when aggregate demand ________ short-run aggregate supply and they ________ the long-run supply curve.

• A)equals;intersect at a point to the right of
• B)equals;intersect at a point on
• C)is greater than;intersect at a point to the left of
• D)is less than;intersect at a point to the right of

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Definitions:

Intrinsic Value

The actual, fundamental value of an asset, stock, or company calculated through analysis independent of market value.

Annual

The term annual refers to something that occurs once every year, used in various contexts such as annual reports, annual meetings, or annual events.

Callable Bonds

A type of bond that can be redeemed by the issuer before its maturity date at a predetermined price.

Call Price

The price at which a bond or a preferred stock can be redeemed by the issuer before its maturity date.