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AD-AS Model: Equilibrium in the Short Run and Long Run
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AD-AS Model: Equilibrium in the Short Run and Long Run
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17. Aggregate Demand and Aggregate Supply Analysis / AD-AS Model: Equilibrium in the Short Run and Long Run / Problem 8
Problem 8
What does the intersection of the aggregate demand and aggregate supply curves determine in the AD-AS model?
A
The level of unemployment
B
The inflation rate
C
The interest rate
D
The equilibrium GDP and price level
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