Question 9 • CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY
A long-run equilibrium occurs when long-run aggregate supply and aggregate demand meet. What does having long-run equilibrium indicate about a society?
Answer
A
The society’s needs are being fully met.
B
The society’s supply and demand have stagnated.
C
The society is not using all of its resources effectively.
D
The society is using all of its resources efficiently.