In the Long Run, the Aggregate Supply Curve Is

question 122

Multiple Choice

In the long run, the aggregate supply curve is:

• A) downward sloping.
• B) horizontal at the full employment level of GDP.
• C) upward sloping.
• D) vertical at the full employment level of GDP.

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Definitions:

Acceptable Name

An alternative name for a chemical compound that is recognized in scientific literature aside from its systematic or IUPAC name.

Compound

A material created by the chemical combination of two or more elements bonded together.

Name

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Compound

A compound consisting of two or more elements combined in a precise ratio through chemical bonds.