What Is Sometimes Called the "Long-Run Aggregate Supply Curve" Shows

question 124

Multiple Choice

What is sometimes called the "long-run aggregate supply curve" shows the relationship between the price level and aggregate supply over a time period long enough to permit

• A)changes in the capital stock.
• B)wages and other factor prices to adjust.
• C)changes in technology to occur.
• D)changes in the size of the resource base to occur.
• E)population to increase.

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Definitions:

Pooled Standard Deviation

A method to estimate the standard deviation from several different samples taken from similar populations.

Sample Means

The average value calculated from a sample of a population, used to estimate the population mean.

Zone Boundaries

Defined limits that separate different areas or regions, often used in geographic, environmental, or management contexts.

Pooled Standard Deviation

A method to estimate the overall standard deviation from several different samples or groups, assuming each group has the same variance.