The Long Run Aggregate Supply Curve Is Vertical Because

question 34

Multiple Choice

The long run aggregate supply curve is vertical because

• A) the production possibilities curve is vertical.
• B) the aggregate demand curve is downward sloping.
• C) technology increases at a constant rate.
• D) a change in the level of prices will have no effect on real output in the long-run.

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Definitions:

De-stigmatization

The process of removing or reducing negative stereotypes, labels, and social stigma associated with certain conditions, behaviors, or identities.

Society Responds

The way in which a community or group reacts to particular issues, changes, or stimuli, including policies, cultural shifts, and social attitudes.

Psychological Explanations

Theories or reasoning that attribute behavior or mental processes to psychological factors, such as emotions, desires, or cognitive functions.

Durkheimian Explanations

Theoretical perspectives based on the work of Emile Durkheim, focusing on how societal structures and cohesion influence behavior and social outcomes.