The Long-Run Aggregate Supply Curve Shows That by Itself a Permanent

question 8

Multiple Choice

The long-run aggregate supply curve shows that by itself a permanent change in aggregate demand would lead to a long-run change

• A)in the price level and output.
• B)in the price level,but not output.
• C)in output,but not the price level.
• D)in neither the price level nor output.

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Definitions:

Standard Deviation

The positive square root of the variance.

Advertising

The action of calling public attention to products, services, needs, etc., especially by paid announcements in print, broadcast, or electronic media.

Sales

The activity or business of selling products or services.

Equation

A mathematical statement that asserts the equality of two expressions, typically involving variables and constants.