The Long-Run Aggregate Supply Curve Is Vertical Because

question 19

Multiple Choice

The long-run aggregate supply curve is vertical because

• A) in the short run, prices are flexible but output is equal to potential output.
• B) in the long run, prices are flexible but output is equal to potential output.
• C) in the short run, prices are fixed but output may be above, below, or equal to potential output.
• D) in the long run, prices are fixed and output is equal to potential output.

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A U.S. government agency dedicated to responding to and mitigating the impacts of disasters and emergencies.

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A set of suggested regulations that is put forward for discussion before becoming legally enforceable.

Genetically Modified Agricultural Products

Crops or livestock that have had their genetic material altered using genetic engineering techniques to introduce desirable traits.