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ivoryhare127Lv1
11 Dec 2019
Long-run macroeconomic equilibrium ______.
A. comes about because the real wage rate adjusts.
B. occurs, when the quantity of real GDP demanded, equals the quantity of real GDP supplied, at the point of intersection of the AD curve and the SAS curve.
C. occurs when real GDP equals potential GDP, and the LAS, SAS, and AD curves intersect.
D. occurs when real GDP equals potential GDP and the money wage rate equals the real wage rate.
Long-run macroeconomic equilibrium ______.
A. comes about because the real wage rate adjusts.
B. occurs, when the quantity of real GDP demanded, equals the quantity of real GDP supplied, at the point of intersection of the AD curve and the SAS curve.
C. occurs when real GDP equals potential GDP, and the LAS, SAS, and AD curves intersect.
D. occurs when real GDP equals potential GDP and the money wage rate equals the real wage rate.
Divya SinghLv10
5 Oct 2020
