In long-run macroeconomic equilibrium, the
A) long-run aggregate supply curve has shifted so that potential GDP equals real GDP.
B) aggregate demand curve adjusts to the point where the long-run aggregate supply curve and the short-run aggregate supply curve intersect.
C) real wage rate has adjusted so that the economy is on the short-run aggregate supply curve but not on the long-run aggregate supply curve.
D) None of the above answers is correct.
Correct Answer:
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Q283: curve. Q284: The country of Stanley is at an Q285: Q286: Q287: Q289: curve. Q290: Q291: The long-run aggregate supply curve is vertical Q292: Suppose the current situation is such that Q293: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents