The Long-Run Aggregate Supply Curve Is Determined by All of the Following

question 94

Multiple Choice

The long-run aggregate supply curve is determined by all of the following EXCEPT

• A)aggregate demand.
• B)endowments.
• C)technology.
• D)the amount of resources that exist in the economy.

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Definitions:

Peruvian

Pertaining to Peru or its people, culture, or customs.

Collectivism

Emphasizing values that serve the group by subordinating personal goals to preserve group integrity, interdependence of members, and harmonious relationships.

Group Integrity

The cohesion and unity within a group, often referring to the members' sense of belonging and mutual support within the collective.

Harmonious Relationships

Describes interactions between individuals or groups that are characterized by mutual understanding, cooperation, and a lack of conflict.