The Long-Run Aggregate Supply Curve Is Vertical If

question 13

Multiple Choice

The long-run aggregate supply curve is vertical if

• A) wages and other costs fully adjust to changes in prices in the long-run.
• B) the government follows optimal fiscal policy.
• C) technology is fixed.
• D) the Fed follows optimal monetary policy.

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Definitions:

NumberFormatException

An exception thrown in Java when an attempt is made to convert a string into a numeric format, but the string does not have the appropriate format.