The economy is in long-run equilibrium: select one:
a. when the ad and as curves inte...
The economy is in long-run equilibrium: select one:
a. when the ad and as curves intersect at potential output, y*.
b. when the ad and as curves intersect, regardless of the level of output.
c. when the ad and as curves become vertical.
d. only when the business cycle is eliminated.
Answers: 3
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