Question: Long-run macroeconomic equilibrium occurs when OA aggregate demand equals aggregate supply. aggregate demand equals aggregate supply and they intersect at a point on the potential

Long-run macroeconomic equilibrium occurs when OA aggregate demand equals aggregate supply. aggregate demand equals aggregate supply and they intersect at a point on the potential GDP curve. structural and frictional unemployment equals zero. output is above potential GDP. OB. C OD

14) Long-run macroeconomic equilibrium occurs when OA aggregate demand equals aggregate supply.

 

14) Long-run macroeconomic equilibrium occurs when OA aggregate demand equals aggregate supply. OB aggregate demand equals aggregate supply and they intersect at a point on the potential GDP curve. structural and frictional unemployment equals zero. 09 OD. output is above potential GDP.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!