The Shape of the Long-Run Aggregate Supply Curve Implies That

question 81

Multiple Choice

The shape of the long-run aggregate supply curve implies that, in the long run, _____.

• A) inflation and GDP are negatively related
• B) the rate of inflation is constant
• C) inflation increases faster than nominal wages
• D) output is inflation inelastic.

---

Definitions:

Rational Appeals

Persuasive techniques used in communication that rely on logic and reasoning to convince an audience.

Sensory Input

Sensory input refers to the information received by the body's sensory organs, which is then interpreted by the brain to perceive the environment.

Efficiency

The ability to achieve a goal or perform a task with the minimum expenditure of time and resources.

Persuasive Technique

Strategies used to convince or influence others to adopt a certain belief or take action, often involving emotional or logical appeals.