Figure 10-8
-Refer to Figure 10-8. Long-run equilibrium positions occur at points

Name: Figure 10-8 -Refer to Figure 10-8. Long-run equilibrium positions occur at points
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Question

Figure 10-8 
-Refer to Figure 10-8. Long-run equilibrium positions occur at points

Quizplus · Accepted Answer

In long-run equilibrium, the economy operates at full employment where aggregate demand equals aggregate supply, typically at points like a and d where the long-run aggregate supply curve intersects the aggregate demand curve.

Figure 10-8 -Refer to Figure 10-8. Long-Run Equilibrium Positions Occur at Points