When the economy is in long-run equilibrium, the price level ...

[humphriesbr@me.com]

When the economy is in long-run equilibrium, the price level adjusts so as to equate which two values with one another?
 
  A) total planned real expenditures and total planned production
  B) government spending and tax revenues
  C) the inflation rate and the unemployment rate
  D) import and export spending

Question 2

The amount of time that it takes to identify a national economic problem is
 
  A) the effect time lag. B) the action time lag.
  C) the recognition time lag. D) fiscal policy.

[kingdude89]

Answer to Question 1

A

Answer to Question 2

C

[humphriesbr@me.com]

Thanks for the timely response, appreciate it

[diana chang]

Gracias!