The Long-Run Aggregate Supply Curve Plays an Important Role in Determining

question 119

Multiple Choice

The long-run aggregate supply curve plays an important role in determining:

• A)the price level in the short run.
• B)output in the short run.
• C)output in the short run and long run.
• D)output in the long run.

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Definitions:

Geographic

Pertaining to the study or organization of the Earth's surface and its features or relating to the natural land formations of regions.

Demographic

Statistical characteristics of human populations, such as age, gender, and income, used especially to identify markets.

Geographic

Relating to the physical features, climate, or population distribution of a specific area or location.