Changes in the Price Level

question 53

Multiple Choice

Changes in the price level

• A)increase the level of aggregate supply in the long run.
• B)decrease the level of aggregate supply in the long run.
• C)do not affect the level of aggregate supply in the long run.
• D)increase the level of aggregate supply in the long run only at very high levels of output.

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The ability to use skills, knowledge, and experience gained over time. It contrasts with the ability to reason quickly and abstractly.

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