A Vertical Long-Run Aggregate Supply Curve Indicates That

question 90

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 in the long run.
• B)output rates greater than the long-run output rate are unattainable.
• 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 increase technological change and economic growth.
• E)the long-run aggregate supply curve never shifts.

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