In the long run, the real output level _____.
A)varies positively with the price level
B)varies negatively with the price level.
C)is equal to the natural level of real output at all price levels
D)can be either greater than or less than the natural level of real output
E)is equal to the natural level of real output at all price levels.

Question

Quizplus · Accepted Answer

In the long run, the real output level is determined by factors such as technology, resources, and institutions, and is equal to the natural level of real output, regardless of the price level.

In the Long Run, the Real Output Level _____