The equilibrium level of output associated with the intersection of the aggregate demand and aggregate supply curves: Group of answer choices may be above the full-employment level of output but is never less than the full-employment level of output. is always a full-employment level of output. may occur at output levels that can be either below, at, or above the full-employment level of output. may be less than the full-employment level of output but is never above the full-employment level of output