Short-run equilibrium aggregate output is the quantity of aggregate output produced when
Chapter 0, Problem 12(choose chapter or problem)
Short-run equilibrium aggregate output is the quantity of aggregate output produced when a. the aggregate demand curve and the short-run aggregate supply curve are identical. b. the quantity of aggregate output supplied is equal to the quantity demanded. c. the economy reaches its potential output. d. the short-run aggregate supply curve is vertical. e. all prices, including nominal wages, are fully flexible.
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