A ________ occurs at the intersection of the short-run aggregate supply curve and the aggregate demand curve.
A)long run equilibrium
B)short run equilibrium
C)adverse equilibrium
D)price adjustment

Question

Quizplus · Accepted Answer

Short run equilibrium occurs at the intersection of the short-run aggregate supply curve and the aggregate demand curve. This is the point where the economy is producing at the level of potential output, and the price level is stable.

A ________ Occurs at the Intersection of the Short-Run Aggregate