When SRAS and AD intersect at the natural level of real output,is the economy in equilibrium?
A) It is not necessarily in either short-run equilibrium or in long-run equilibrium.
B) It is in short-run equilibrium and long-run equilibrium.
C) It is in short-run equilibrium but not necessarily in long-run equilibrium.
D) It is in long-run equilibrium but not necessarily in long-run equilibrium.ANS B
Correct Answer:
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