Because the Long- Run Aggregate Supply Curve Is Drawn as a Vertical

question 145

Multiple Choice

Because the long- run aggregate supply curve is drawn as a vertical line, then we effectively assume that the level of production in the economy is determined solely by:

• A) the demand for the goods and services.
• B) the price level.
• C) the amount of inputs and the level of technology.
• D) the wage rate in the economy.

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Definitions:

Myotonia

A condition characterized by delayed relaxation of the muscles after voluntary contraction or electrical stimulation.

Erectile Disorder

A sexual dysfunction characterized by the difficulty in developing or maintaining an erection of the penis during sexual activity.

Impotence

The inability to achieve or maintain an erection sufficient for satisfactory sexual performance, also known as erectile dysfunction.

Arousal Disorder

A category of sexual dysfunction disorders characterized by a failure to become physically aroused or maintain arousal during sexual activity.