When Resource Prices Are Negotiable,the Long-Run Aggregate Supply Curve Is

question 82

Multiple Choice

When resource prices are negotiable,the long-run aggregate supply curve is represented by:

• A)an upward-sloping line
• B)a downward-sloping line
• C)a vertical line at potential output.
• D)a horizontal line at the actual price level.
• E)a horizontal line at the expected price level.

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Definitions:

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