The macroeconomy is said to be in long-run equilibrium only if
a. the resource, loanable funds, foreign exchange, and goods and services markets are all in equilibrium.
b. prices were incorrectly estimated by decision makers.
c. the output of the economy exceeds the full-employment level of output.
d. the economy is operating along its short-run aggregate supply curve.
A
Economics
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Monetarists argue that the Treasury's conduct of fiscal policy is the most important factor affecting real GDP and interest rates
a. True b. False Indicate whether the statement is true or false
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The second largest category, by relative importance, in the CPI calculation is
a. housing. b. apparel. c. transportation. d. medical care.
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