The Long Run Aggregate Supply Curve Is Vertical Because

question 34

Multiple Choice

The long run aggregate supply curve is vertical because

• A) the production possibilities curve is vertical.
• B) the aggregate demand curve is downward sloping.
• C) technology increases at a constant rate.
• D) a change in the level of prices will have no effect on real output in the long-run.

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Definitions:

Anorexia Nervosa

A psychological and potentially life-threatening eating disorder characterized by an extremely low body weight, a devastating fear of weight gain, and a distorted perception of body image.

Binge-eating Disorder

A psychiatric condition characterized by recurring episodes of eating large amounts of food, often quickly and to the point of discomfort, accompanied by a feeling of loss of control during the binge.

Bulimia Nervosa

An eating disorder characterized by episodes of binge eating followed by compensatory behaviors, such as self-induced vomiting, aimed at preventing weight gain.

Body Weight

The total mass or weight of a person's body, comprising muscles, fat, bones, and other components.