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

question 26

Multiple Choice

What is sometimes called the "long- run aggregate supply curve" relates the aggregate price level to real GDP

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

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