The options to fill in the gaps for the Long-run macroeconomic equilibrium are:
- equals
- intersects as a point on
<h3>What is macroeconomic equilibrium?</h3>
Macroeconomic equilibrium is an equilibrium situation that occurs when the quantities of the real GDP demanded equals the real GDP supplied at the point of intersection of the AD curve and the AS curve.
Long-run macroeconomic equilibrium occurs when aggregate demand equals short-run aggregate supply and they intersects as a point on the long-run supply curve.
In conclusion, Long-run macroeconomic equilibrium results in equilibrium of demand and supply of GDP.
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Answer:
close person-to-person contact
One important fact about the Federal reserve is that it regulates financial institutions.
<h3>What does the federal reserve do?</h3>
The Federal Reserve is the central banking system of the United States and as such they have several roles.
One of these roles is to regulate financial institutions such as commercial banks as these form the backbone of the financial system.
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