When actual output equals potential output and the inflation rate is stable, the economy is said to be in ________ equilibrium.
A) contractionary
B) expansionary
C) short-run
D) long-run
Correct Answer:
Verified
Q76: A vertical line showing an economy's potential
Q77: The long-run aggregate supply line is:
A)downward sloping.
B)vertical
Q78: At short-run equilibrium inflation _ and output
Q79: Starting from potential output, if consumer confidence
Q80: The short-run aggregate supply curve shows _
Q82: At a short-run equilibrium output equals _,
Q83: The fact that output gaps will not
Q84: Refer to the given figure. 
Q85: At a short-run equilibrium _, while at
Q86: Refer to the given figure.
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