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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.


Definitions:

C

A high-level programming language used for developing system software and applications.

Birth.month

An access expression that typically retrieves the month component from a date structure or object named Birth.

Month Structure

A data structure, typically used in programming, representing the months of a year and their associated data.

Structure Definition

A user-defined data type in many programming languages that allows for the encapsulation of different data types.

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