The Long-Run Aggregate Supply Relationship Refers To

question 200

Multiple Choice

The long-run aggregate supply relationship refers to:

• A)​a time period long enough for the prices of both outputs and inputs to adjust to changes in the economy.
• B)​any time period of more than a year.
• C)​a time period in which input prices can change, but output prices have not had time to adjust.
• D)​a time period in which output prices can change but input prices have not had time to adjust.

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Definitions:

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