A Vertical Long-Run Aggregate Supply Curve Indicates That

question 143

Multiple Choice

A vertical long-run aggregate supply curve indicates that

• A) an increase in the price level will not expand an economy's output capacity in the long run.
• B) outputs greater than the long-run supply constraint cannot be achieved.
• C) an increase in the price level will permit the economy to achieve a higher level of output.
• D) an increase in the price level will promote technological change and more rapid economic growth.

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