The long run in macroeconomic analysis is a period:
A) in which nominal wages and other prices are flexible.
B) in which wages are sticky.
C) of less than one year.
D) of one to two years.
Correct Answer:
Verified
Q118: A decrease in energy prices will:
A) increase
Q119: The short-run aggregate supply curve will shift
Q120: Use the following to answer question 108:
Figure:
Q121: In the long run, the aggregate price
Q122: In the long run, changes in the
Q124: Potential output would NOT be increased by:
A)
Q125: Potential output is the level of real
Q126: The long-run supply curve illustrates how the
Q127: According to the long-run aggregate supply curve,
Q128: The long run in macroeconomic analysis is
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