For Movements Along the Long- Run Aggregate Supply Curve

question 75

Multiple Choice

For movements along the long- run aggregate supply curve,

• A)the price level and the money wage rate change by the same percentage.
• B)potential GDP is dependent on the price level.
• C)the prices of goods and services change while the prices of productive resources hold steady.
• D)All of the above are correct.

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Definitions:

Pulmonary Arteries

Blood vessels that carry blood from the heart to the lungs for oxygenation.

Left Atrium

One of the four chambers of the heart, receiving oxygenated blood from the lungs and pumping it into the left ventricle.

Deoxygenated Blood

Blood that has released its oxygen to the body's cells and is returning to the heart to be sent to the lungs for oxygenation.

Umbilical Artery

One of two arteries that carry deoxygenated blood from a fetus to the placenta in the umbilical cord.