The Long-Run Aggregate Supply Curve Is Vertical

question 2

Multiple Choice

The long-run aggregate supply curve is vertical:

• A)because the rate of inflation is steady in the long run.
• B)Input prices eventually rise in response to changes in output prices.
• C)because product prices always increase at a faster rate than resource prices.
• D)only when the money supply increases at the same rate as real GDP.

Recognize the importance of theoretical perspective in shaping research questions.

Identify the relationship between research methods and theoretical perspective.

Describe the various methods by which data can be collected in social research.

Recognize the ethical considerations in social research.