Which of the Following Is True of the Long-Run Aggregate

question 139

Multiple Choice

Which of the following is true of the long-run aggregate supply curve?

• A)​It is vertical.
• B)​The level of RGDP supplied does not change as the price level changes.
• C)​The level of RGDP supplied changes with the levels of capital, land, labor, and technology available to the economy.
• D)​all of the above

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Definitions:

Induce

To lead or move someone to do something, often through persuasion or influence.

Liability

A legal responsibility or obligation, which can be in the form of debts or obligations arising from contracts, or as a result of violating laws and causing harm.

Appropriation

The act of setting aside funds for a specific purpose or the unauthorized use of someone's name, likeness, or work without permission.

Intrusion

An unauthorized entry or encroachment into someone else's property or personal affairs.