Which of the Following Is True in the Long Run

question 167

Multiple Choice

Which of the following is true in the long run?

• A)The aggregate demand curve determines the level of potential output.
• B)The long-run aggregate supply curve is vertical.
• C)The actual price level is greater than the expected price level.
• D)Cyclical unemployment is between 5 percent and 6 percent.
• E)The price level is determined entirely by the long-run aggregate supply curve.

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Definitions:

Behavior Shift

A change in actions or reactions of an individual or group in response to external stimuli or internal motivations.

New Level

Refers to a stage or phase that represents an advancement or a progression beyond the current state.

Unfreezing

The initial stage in the process of change, where existing patterns or behaviors are questioned or destabilized to prepare for transformation.

Organization's Behavior

The study of how individuals and groups act within the contexts of a structured work environment.