When the Economy Is Operating at a Point Where Aggregate

question 61

Multiple Choice

When the economy is operating at a point where aggregate demand equals short-run aggregate supply, it must be true that:

• A) aggregate demand also equals long-run aggregate supply.
• B) the short-run level of output is not the same as long-run potential output.
• C) prices are higher than expected prices.
• D) None of these must be true.

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