What Economists Sometimes Call the "Long- Run Aggregate Supply Curve

question 71

Multiple Choice

What economists sometimes call the "long- run aggregate supply curve" is

• A)vertical.
• B)negatively sloped.
• C)horizontal.
• D)positively sloped.
• E)non-linear.

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Definitions:

Majoritarianism

A traditional political theory or practice that asserts that a majority of the population is entitled to a certain degree of primacy in society, and has the right to make decisions that affect the society.

Party Alignment

The association and support of an individual with a particular political party based on shared ideologies or policies.

Long-Term Allegiance

A prolonged loyalty or commitment to a particular group, party, or cause.

Ideological Changes

Shifts in the underlying beliefs, values, and principles that drive political, economic, or social policies and behaviors within a society.