The Position of the Long-Run Aggregate Supply Curve Is Determined

question 19

Multiple Choice

The position of the long-run aggregate supply curve is determined by
I. the aggregate production function
II. the labor demand curve
III. the labor supply curve
IV. the prevailing average price level

• A) I, II, III, and IV
• B) I, II, and III only
• C) I and IV only
• D) III, III, and IV

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Definitions:

Fertility

The natural capability to produce offspring or the ability of soil to produce abundant plant or crop growth.

Osteoporosis

A bone disease characterized by decreased bone density and quality, making bones fragile and more likely to fracture.

Cardiovascular Disease

A class of diseases that involve the heart or blood vessels, including coronary artery disease, heart failure, and hypertension.

Bone-mineral Density

A measure of the amount of minerals (mainly calcium) contained in a certain volume of bone, indicating bone strength and risk for osteoporosis.