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The Long-Run Aggregate Supply Curve Uses the Classical Assumptions That

question 61

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The long-run aggregate supply curve uses the classical assumptions that all variables are _____ in the long run and that long-run equilibrium occurs at _____.


Definitions:

Parents

The caregivers of a child, who may be biological, adoptive, step, or foster guardians.

Children

Young human beings, usually considered to be from birth until puberty but definitions may vary.

Late Adulthood

A life stage typically defined as beginning at the age of 65 and encompassing the final years of life, marked by both physical and cognitive changes.

Friendships

Close bonds between two individuals, marked by feelings of care, respect, and admiration.

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