Which of the Following Occurs in the Long Run

question 173

Multiple Choice

Which of the following occurs in the long run?

• A) Prices are sticky.
• B) Unexpected inflation is absent.
• C) The SRAS curve intersects the AD curve at an output growth rate higher than the Solow growth rate.
• D) Workers confuse real wages with nominal wages.

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Definitions:

Cooperative Strategies

Approaches used by individuals or groups to work together towards a common goal, often involving mutual benefit.

Economically

Pertaining to the economy or the management of the resources of a community, country, etc., especially with a view to its productivity.

Sense Of Self

The sense of self refers to the way a person thinks about and views their own personality, beliefs, and abilities.

Japanese

Pertaining to Japan, its people, culture, or language.