In long-run macroeconomic equilibrium
A) the price level and aggregate demand are what suppliers expected.
B) all spending plans are realized.
C) consumers earn enough income to buy the products and services they planned to buy.
D) no one is kicking himself.
E) all of the above are true.

Question

Quizplus · Accepted Answer

In long-run macroeconomic equilibrium, all of the conditions listed are met: the price level and aggregate demand align with suppliers' expectations, all spending plans are realized, consumers earn enough income to purchase their planned goods and services, and there is no regret in economic decisions, implying overall market satisfaction and stability.

In Long-Run Macroeconomic Equilibrium