Refer to the Diagram $\mathrm { AS } _ { 2 }$

question 154

Multiple Choice

Refer to the diagram. Assume that nominal wages initially are set based on the price level P₂ and that the economy initially is operating at its full-employment level of output Q_f. In terms of this diagram, the long-run aggregate supply curve

• A) \(\mathrm { AS } _ { 2 }\)
• B) is a vertical line extending from \(Q _ { f }\) upward through e, b, and d.
• C) may be either A \(A S _ { 1 } , A S _ { 2 } , \text { or } A S _ { 3 }\) depending on whether the price level is \(P _ { 1 } , P _ { 2 } \text {, or } P _ { 3 }\)
• D) is a horizontal line extending from \(P _ { 2 }\) rightward through f, b, and g.

---

Definitions:

Device Driver

Software that enables communication between the computer's operating system and hardware devices.

File Name

The first part of the label applied to a file; generally the name a user assigns to the file when saving it.

File Type

A specific format of a file, defined by its extension, that indicates how the information is encoded and used by software.

Booted

The process of starting up a computer system, which involves loading the operating system into the computer's memory.