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Which of the following is true about the long run equilibrium for the AD-AS model? Group...

Which of the following is true about the long run equilibrium for the AD-AS model?

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Government spending is equal to the amount of consumption

The price level is very low

The unemployment rate is zero

The cyclical unemployment rate is zero

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Answer #1

Ans) the correct option is d) The cyclical unemployment rate is zero

since the long run aggregate supply curve is vertical so cyclical unemployment rate is zero at long run equilibrium.

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