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Page(s) 435-436 15.4. How does the aggregate demand-aggregate supply model help us understand the economy? Which of these are conditions for long-run equilibrium in the

Page(s) 435-436 15.4. How does the aggregate demand-aggregate supply model help us understand the economy? Which of these are conditions for long-run equilibrium in the aggregate demand-aggregate supply model? Which are not? Condition for Long-Run Equilibrium Short-run aggregate supply equals aggregate demand. u > u* Long-run aggregate supply equals aggregate demand. u < u* Not a Condition for Long-Run Equilibrium

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