The Long-Run Aggregate Supply Curve Is the Relationship Between the Quantity

question 298

Multiple Choice

The long-run aggregate supply curve is the relationship between the quantity of real GDP supplied and ________ when ________.

• A) the price level; real GDP equals potential GDP
• B) real GDP demanded; the wage rate is constant
• C) the price level; real GDP equals nominal GDP
• D) real GDP demanded; the price level does not change

---

Definitions:

General Note

Information provided on a drawing that applies globally to the entire document, offering guidance or specifying requirements that are not tied to any single element.

Individual Symbols

Unique graphical representations or icons used on technical drawings to convey specific information or instructions.

CSA

Canadian Standards Association, an organization that develops standards in various industries, including electrical, mechanical, and energy management.

Canadian Standards Association

A not-for-profit organization that develops standards for a wide range of products and processes in Canada.