In the AD-AS model, a point where the economy’s long-run AS curve, short-run AS curve, and AD curve all intersect at a single point represents a point where a. real GDP is equal to its full-employment...

In the AD-AS model, a point where the economy’s

long-run AS curve, short-run AS curve, and AD curve

all intersect at a single point represents a point where

a. real GDP is equal to its full-employment level.

b. the conditions of short-run equilibrium are

fulfilled.

c. the conditions of long-run equilibrium are fulfilled.

d. all of the above.

e. a and c, but not b.