Question
Where the aggregate demand curve and the short-run aggregate supply curve intersect structural and frictional unemployment must equal zero. inflation must be increasing. the long-run
Where the aggregate demand curve and the short-run aggregate supply curve intersect
structural and frictional unemployment must equal zero.
inflation must be increasing.
the long-run aggregate supply curve must also intersect at the same point.
the economy must be in short-run macroeconomic equilibrium.
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Macroeconomics Theories and Policies
Authors: Richard T. Froyen
10th edition
013283152X, 978-0132831529
