Changes in ________ Do Not Affect the Level of Aggregate

question 208

Multiple Choice

Changes in ________ do not affect the level of aggregate supply in the long run.

• A)technology
• B)the number of workers in the economy
• C)the price level
• D)the amount of accumulated capital equipment

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Definitions:

Purchased Components

Components or parts bought from external suppliers for use in the manufacturing process of a product.

Strictly Liable

Strict liability refers to the legal responsibility for damages or injury, even if the person found strictly liable was not at fault or negligent.

Safe Condition

Safe condition denotes an environment or situation that poses no risk of injury or harm to people.

Mishandling

Inappropriate or careless management, leading to damage or loss.