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

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