Which Statement Best Characterizes the Long-Run Aggregate-Supply Curve

question 50

Multiple Choice

Which statement best characterizes the long-run aggregate-supply curve?

• A) It is determined by the things that determine output in the classical model.
• B) It is located at the point where unemployment is zero.
• C) It shifts to the right when the price level increases.
• D) It is positioned at the point where the economy would cease to grow.

---

Definitions:

Nonmaleficence

The ethical principle of doing no harm and preventing harm to others.

Beneficence

The ethical principle that emphasizes acting in the best interests of others, promoting good actions and minimizing harm.

Equal Distribution

The equitable allocation of resources, benefits, or responsibilities among all members of a society or group.

Interest in Existing

The inherent value or concern accorded to the state of being alive or existence itself.