Why Is the Long-Run Aggregate-Supply Curve Vertical

question 144

Multiple Choice

Why is the long-run aggregate-supply curve vertical?

• A) because population grows slowly
• B) because the government controls inflation
• C) because money is neutral
• D) because prices are stable

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Definitions:

Inference Forms

Patterns of reasoning where a conclusion is drawn from premises based on logical principles.

Inference Forms

Patterns or structures of reasoning through which conclusions are drawn from premises based on logical principles.

MP

This term can refer to multiple concepts; as "Member of Parliament", it denotes a representative elected to the legislative body of a country. In a military context, it stands for "Military Police", a branch of the service concerned with enforcing discipline and the law within the armed forces.

Simp

A slang term often used to describe someone who demonstrates excessive sympathy or attention towards someone else, typically someone they are romantically interested in, in a way that is seen as undignified or without reciprocation.