In the Long Run, the Price Level in an Economy

question 31

Multiple Choice

In the long run, the price level in an economy is determined solely by _____

• A) the long-run aggregate supply curve.
• B) the aggregate demand curve.
• C) the amount of cyclical unemployment in the economy.
• D) the short-run aggregate supply curve.
• E) the actual output level.

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Definitions:

Dairy Products

Dairy products are foods or beverages produced from the milk of mammals, typically cows, goats, or sheep, and include items such as cheese, yogurt, and butter.

Feces

Unabsorbed food material and cellular waste that is expelled from the digestive tract.

Rectum

Terminal region of the large intestine; stores digestive waste.

Elimination

The process of removing or expelling waste materials from the body or from an ecological system.