Long-run macroeconomic equilibrium occurs when:
A. aggregate demand equals short-run aggregate supply.
B. aggregate demand equals short-run aggregate supply, and they intersect at a point on the long-run supply curve.
C. unemployment equals zero.
D. output is above potential GDP.

Question

Long-run macroeconomic equilibrium occurs when:
A. aggregate demand equals short-run aggregate supply.
B. aggregate demand equals short-run aggregate supply, and they intersect at a point on the long-run supply curve.
C. unemployment equals zero.
D. output is above potential GDP.

Long-run macroeconomic equilibrium occurs when:

A. aggregate demand equals short-run aggregate supply.

B. aggregate demand equals short-run aggregate supply, and they intersect at a point on the long-run supply curve.

C. unemployment equals zero.

D. output is above potential GDP.

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Long-run macroeconomic equilibrium occurs when: A. aggregate demand equals short-run aggregate supply. B. aggregate demand equals short-run aggregate supply, and they intersect at a point on the long-run supply curve. C. unemployment equals zero. D. output is above potential GDP.