An Implication of the Long-Run Aggregate Supply Curve Is That

question 98

Multiple Choice

An implication of the long-run aggregate supply curve is that continuous increases in the money supply will result in continuous

• A)increases in prices.
• B)decreases in output and prices.
• C)decreases in output.
• D)increases in output and prices.

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Definitions:

Intestate

Referring to dying without a legal will, resulting in the distribution of the estate according to state laws.

Per Stirpes

a legal term indicating a method of distributing an estate where descendants inherit a deceased beneficiary's share in an estate.

Per Capita

A method of distributing an estate where each recipient receives an equal share of the property.

Constructive Trust

An equitable remedy imposed by a court to rectify unjust enrichment or wrongful conduct, transferring property to someone rightfully entitled to it.