Which of the Following Is True in the Long Run

question 72

Multiple Choice

Which of the following is true in the long run?

• A)The aggregate demand curve determines the level of potential output.
• B)The long-run aggregate supply curve is horizontal.
• C)The actual price level and the expected price level are equal.
• D)Cyclical unemployment is between 5 percent and 6 percent.
• E)The price level is determined entirely by the long-run aggregate supply curve.

---

Definitions:

Electricity

A form of energy resulting from the existence of charged particles such as electrons or protons.

Oil

A natural fossil fuel composed primarily of hydrocarbons, used globally as a primary source of energy and in various industrial applications.

Grass-fed Beef

Beef from cattle that have been fed only grass and foraged foods throughout their lives, rather than grain.

Heart Attacks

Medical emergencies caused by the obstruction of blood flow to the heart, leading to tissue damage or death.