The Position of the Long-Run Aggregate Supply Curve

question 89

Multiple Choice

The position of the long-run aggregate supply curve

• A)is determined by resource usage and technology.
• B)is at the point where the unemployment rate is zero.
• C)shifts to the right when the money supply increases.
• D)is at the point where the economy would cease to grow.

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Definitions:

Neoclassical

An art and architecture style inspired by the classical art and culture of ancient Greece and Rome, emphasizing harmony, clarity, and restraint.

Sublime

An aesthetic quality or state of grandeur and awe, often evoked by art, nature, or literature, that surpasses ordinary beauty or magnificence.

Intellectual Movement

A collective action or trend thought that aims at reforming or revolutionizing the social, political, or cultural aspects of society through ideas and knowledge.

La Madeleine

A site known for prehistoric rock shelters and archaeological significance located in France, famed for its Paleolithic art and artifacts.