The ʺLong-Run Aggregate Supply Curve,ʺ Vertical at Y*,shows That

question 3

Multiple Choice

The ʺlong-run aggregate supply curve,ʺ vertical at Y*,shows that

• A)potential output will rise as prices rise.
• B)potential output will fall as prices rise.
• C)potential output is compatible with any price level.
• D)potential output is compatible with one particular price level.
• E)prices will always rise in the long run.

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Definitions:

Election

A decision made by taxpayers regarding the treatment of certain tax items, such as choosing a filing status or opting for a standard or itemized deduction.

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In a manner not directly caused by or resulting from something.

Related Parties

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