Economic growth will be associated with a constant price level when A
Economic growth will be associated with a constant price level when
A) the increase in aggregate demand is accompanied by a reduction in short-run aggregate supply.
B) the increase in aggregate demand is less than the increase in long-run aggregate supply.
C) the increase in aggregate demand exactly equals the increase in long-run aggregate supply.
D) the increase in aggregate demand is more than the increase in long-run aggregate supply.
ANSWER
C
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