The Long-Run Aggregate Supply Curve Is Represented by

question 63

Multiple Choice

The long-run aggregate supply curve is represented by

• A)an upward-sloping line
• B)a downward-sloping line
• C)a vertical line
• D)a horizontal line
• E)any of the above; it depends on the relationship between the actual and the expected price level

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Definitions:

Neutrons

Subatomic particles found in the nucleus of an atom, with no electrical charge and a mass slightly greater than that of protons.

Electron Shells

The different energy states of electrons arranged around the nucleus of an atom.

Atomic Weight

The sum of the weight of the subatomic particles in an average atom of an element, given in atomic mass units.

Green Olivine

A green-colored, magnesium-iron silicate mineral often found in igneous rocks, indicative of certain geological conditions.