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:

Unassertive

Characterized by a lack of assertiveness; often hesitant or showing a reluctance to express opinions or claim rights.

Compromise

A method of resolving disagreement that involves mutual concessions and agreement on a course of action that is acceptable to all parties involved.

Cooperativeness

The willingness to work together towards common goals or interests.

Conflict Management

The method of recognizing and managing disputes in a rational, equitable, and effective way.