In the AD-AS Framework,long-Run Equilibrium Implies That ________

question 64

Multiple Choice

In the AD-AS framework,long-run equilibrium implies that ________.

• A)quantity demanded equals quantity supplied at a moderate level of equilibrium inflation
• B)quantity demanded equals quantity supplied at a point consistent with the short-run equilibrium level of inflation
• C)quantity demanded equals quantity supplied at a point consistent with the natural rate of unemployment
• D)all of the above
• E)none of the above

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