At the intersection of AD and AS equilibrium is achieved in ?
Correct answer: D. all of these
- A. the goods market
- B. the money markets
- C. the labor markets
- D. all of these
Explanation
The AD-AS intersection identifies the economy-wide equilibrium, combining equilibrium conditions in output demand, money-market determination of interest rates, and factor-market production. Hence the intended answer is all of these.
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