A short-run macroeconomic equilibrium occurs
A) at the intersection of the short-run aggregate supply curve and the long-run aggregate supply curve.
B) at the intersection of the short-run aggregate supply curve and the aggregate demand curve.
C) at the intersection of the short-run aggregate supply curve, the long-run aggregate supply curve, and the aggregate demand curve.
D) when the rate at which prices of goods and services increase equals the rate at which money wage rates increase.
B
You might also like to view...
Real GDP grows when
I. the quantities of the factors of production grow. II. persistent advances in technology make factors of production increasingly productive. III. human capital grows. A) only I B) both I and III C) only II D) I, II, and III
________are the owners of a corporation
A) Bondholders B) Top management C) The board of directors D) Stockholders
_____ is the reward savers earn for deferring consumption.
Fill in the blank(s) with the appropriate word(s).
When a country's ability to maintain its fixed exchange rate is doubted by investors:
A. it may fall under a speculative attack. B. the value of its currency tends to appreciate too quickly. C. the exchange rate is likely to spiral upward, out of control. D. All of these statements are true.