Which of the Following Is True

question 26

Multiple Choice

Which of the following is true?

• A) Long-run aggregate supply is independent of the price level.
• B) Short-run aggregate supply is independent of the price level.
• C) Long-run aggregate supply is positively related to the price level.
• D) Short-run aggregate supply is inversely related to the price level.
• E) Long-run aggregate supply is inversely related to the price level.

---

Definitions:

Statistically Significant

A determination that the results observed in data are unlikely to be due to chance alone, according to a predefined threshold of probability.

Sample Averages

This refers to the mean value calculated from a sample of data, representing the central tendency of the sampled population.

Standard Deviations

A statistical measure that quantifies the variation or dispersion of a set of numerical data points around the mean of the data set.

Range

The difference between the highest and lowest values in a set of numbers, representing the spread or dispersion.