The Curve That Is Sometimes Called the "Long-Run Aggregate Supply

question 29

Multiple Choice

The curve that is sometimes called the "long-run aggregate supply curve" (vertical Y*) relates the aggregate price level to real GDP

• A)in the short run.
• B)when wages are in adjustment but prices are unstable.
• C)when national income is at less than potential income.
• D)when technology is allowed to change.
• E)after factor prices have fully adjusted to eliminate output gaps.

---

Definitions:

Z-score

A statistical measure that describes a value's relationship to the mean of a group of values, measured in terms of standard deviations from the mean.

Standard Deviations

A gauge for evaluating how much the data values vary or diverge from each other in a dataset.

Data Values

The individual pieces of information or numerical figures that are collected and analyzed in a study.

Interactive Data Dashboards

Visual displays of data that allow users to filter, analyze, and interact with complex datasets in real-time.