In the Long Run

question 147

Multiple Choice

In the long run

• A) the aggregate supply curve is upward sloping.
• B) real GDP is equal to potential GDP.
• C) aggregate supply depends on the price level.
• D) All of the above answers are correct.

---

Definitions:

Dependency

A situation where one task or activity cannot start or finish until another has been completed.

Lead Time

The time interval between the initiation and completion of a process, such as the period from ordering to receiving goods.

Free Float

In project management, the amount of time that a project task can be delayed without causing a delay to subsequent tasks or the project's overall deadline.

Current Schedule

The latest version of the project schedule, reflecting all known updates, changes, and progress.