The Aggregate Supply Curve in the Long Run Is Vertical

question 174

True/False

The aggregate supply curve in the long run is vertical because wages and other input prices respond completely to a change in the price level.

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Definitions:

Theory Of Planned Behavior

A psychological theory that links beliefs and behavior, suggesting that an individual's behavioral intention is influenced by their attitude towards the behavior, subjective norms, and perceived control over the behavior.

Gender Differences

The distinctions in characteristics and behaviors typically associated with being male or female.

Fruit And Vegetable Consumption

Eating fruits and vegetables, which is a dietary behavior associated with reduced risk of many chronic diseases and health benefits.

Perceived Behavioral Control

An individual's beliefs about their capability to exercise control over behaviors that can influence desired outcomes.