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QUESTION
At the intersection of the short-run aggregate supply curve, the aggregate demand curve, and the long-run aggregate supply curve, the economy is...
At the intersection of the short-run aggregate supply curve, the aggregate demand curve, and the long-run aggregate supply curve, the economy is in:
a:both a short-run and long-run equilibrium.
b:a long-run equilibrium but not a short-run equilibrium.
c:neither a short-run nor long-run equilibrium.
d:a short-run equilibrium but not a long-run equilibrium.
