The Long-Run Aggregate Supply Curve Shows That by Itself a Permanent

question 8

Multiple Choice

The long-run aggregate supply curve shows that by itself a permanent change in aggregate demand would lead to a long-run change

• A)in the price level and output.
• B)in the price level,but not output.
• C)in output,but not the price level.
• D)in neither the price level nor output.

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Definitions:

Federal Crime

An offense that is made illegal by U.S. federal legislation, and prosecuted by federal authorities.

Federal Law

Legislations passed by the national government of a country that apply to all of its regions and residents.

Jurisdiction

The authority given to a court or legal body to hear and decide cases, determined by geographic area or subject matter.

Actus Reus

Actus Reus refers to the physical act of committing a crime, as opposed to the mental intention (mens rea) to commit said act.