The Long-Run Aggregate Supply When Resources Are Fully Employed

question 62

Multiple Choice

The long-run aggregate supply when resources are fully employed

• A) has no relationship with the production possibilities curve.
• B) will always be associated with a point outside the production possibilities curve.
• C) will always be associated with a point on the production possibilities curve.
• D) is determined by demand.

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Definitions:

Electron

A subatomic particle with a negative electrical charge, found in all atoms and acting as the primary carrier of electricity in solids.

Ammonia

A compound of hydrogen and nitrogen (NH3) characterized by a sharp smell, used in many industrial and cleaning products, and present in the metabolism of organisms.

Lewis Structure

Visual representations that demonstrate the connections between molecule atoms and indicate the presence of unshared electron pairs.

Propane

A three-carbon alkane with the molecular formula C3H8, commonly used as a fuel in heating and cooking appliances.