Why Is the Long-Run Aggregate-Supply Curve Vertical

question 144

Multiple Choice

Why is the long-run aggregate-supply curve vertical?

• A) because population grows slowly
• B) because the government controls inflation
• C) because money is neutral
• D) because prices are stable

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Definitions:

Distribution Department

The division within a company responsible for the storage, handling, and shipping of products to customers.

Self-managing Teams

Groups of employees who are provided with the autonomy to plan, execute, and control their own tasks and processes without direct supervision.

Organizational Productivity

A measure of how efficiently and effectively a company uses its resources to produce outputs.

Group Development

The process through which a group progresses over time, involving stages of forming, storming, norming, performing, and adjourning.