In long- run macroeconomic equilibrium,
A) the aggregate demand curve adjusts to the point where the long- run aggregate supply curve and the short- run aggregate supply curve intersect.
B) the real wage rate has adjusted so that the economy is on the short- run aggregate supply curve but not on the long- run aggregate supply curve.
C) long- run aggregate supply curve has shifted so that potential GDP equals real GDP.
D) None of the above answers is correct.

Question

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The Answer of In long- run macroeconomic equilibrium,
A) the aggregate demand curve adjusts to the point where the long- run aggregate supply curve and the short- run aggregate supply curve intersect.
B) the real wage rate has adjusted so that the economy is on the short- run aggregate supply curve but not on the long- run aggregate supply curve.
C) long- run aggregate supply curve has shifted so that potential GDP equals real GDP.
D) None of the above answers is correct.

In Long- Run Macroeconomic Equilibrium