Controlling the nation's money supply is the most important duty of the Federal Reserve

Long-run equilibrium will occur at the price level at which

A) the aggregate demand and long-run aggregate supply curves intersect. B) the short-run aggregate supply and long-run aggregate supply curves intersect. C) the long-run aggregate demand and short-run aggregate supply curves intersect. D) the aggregate demand and short-run aggregate supply curves intersect.

Which of the following contributes to the efficiency of markets?

A) Markets promote competition and voluntary exchange. B) Markets are able to bring about an equitable distribution of goods and services. C) Governments play an active role in the day-to-day operations of markets. D) Markets promote equal standards of living.