Which of the following is true about the price level and aggregate supply?
A) The price level influences aggregate supply in both the long run and short run.
B) The price level influences aggregate supply in the long run but not in the short run.
C) The price level influences aggregate supply in the short run but not in the long run.
D) The price level never impacts aggregate supply.
E) There is no clear relationship between the price level and aggregate supply.
Correct Answer:
Verified
Q51: A rightward shift of the long-run aggregate
Q52: Shifts in the long-run aggregate supply curve
Q53: When decision makers have time to fully
Q54: The long-run aggregate supply curve is
A) vertical
Q55: The long-run aggregate supply curve is
A) vertical
Q57: Which of the following would shift aggregate
Q58: In the long run,a technological advance that
Q59: You read a study that predicts that
Q60: Aggregate supply describes a relationship between
A) spending
Q61: All else being equal,as the population ages
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents