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At the intersection of the short-run aggregate supply curve, the aggregate demand curve, and the long-run aggregate supply curve, the economy is in: a short-run
At the intersection of the short-run aggregate supply curve, the aggregate demand curve, and the long-run aggregate supply curve, the economy is in:
- a short-run equilibrium but not a long-run equilibrium.
- neither a short-run nor long-run equilibrium.
- both a short-run and long-run equilibrium.
- a long-run equilibrium but not a short-run equilibrium.
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Essentials Of Mis
Authors: Kenneth Laudon
8th Edition
1292153776, 9781292153773
