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The Long-Run Aggregate Supply Curve Is ________ Because Along It

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The long-run aggregate supply curve is ________ because along it, as prices rise, the money wage rate ________.


Definitions:

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment.

Empirical Studies

Empirical studies are investigations grounded on observation, experimentation, or measurement, rather than theory alone, to acquire knowledge.

Scientific Thinking

A way of learning about the world through observing, identifying, describing, investigating, and theorizing about phenomena.

Research Utility

The extent to which research findings are useful and applicable in real-world settings.

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