If Resource Prices Are Flexible,the Long-Run Aggregate Supply Curve Is

question 143

True/False

If resource prices are flexible,the long-run aggregate supply curve is vertical.

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Definitions:

Social-cognitive Theorist

A scholar who focuses on how people learn by observing others, and how they control their behavior through cognitive processes.

Moral Behavior

Actions that are in accordance with societal norms and values regarding right and wrong.

Think Morally

The process of evaluating actions and decisions based on ethical principles and considerations of right and wrong.

Freud

The founder of psychoanalysis, a method for treating psychological pathology through dialogue between a patient and a psychoanalyst.