Use the following to answer questions.
Exhibit: Aggregate Production Function, Labor Market, and LRAS 
-(Exhibit: Aggregate Production Function, Labor Market, and LRAS) In Panel (c) , the long-run aggregate supply curve is vertical because
A) of diminishing marginal returns.
B) of sticky wages and prices.
C) perfectly flexible nominal wages in the long run allow any number of wage/price level combinations to result in a real wage that equilibrates the labor market.
D) the economy is not constrained by diminishing marginal returns since it can change the quantities of all factors of production.
Correct Answer:
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Q66: Use the following to answer questions .
Exhibit:
Q67: Use the following to answer questions.
Exhibit: Aggregate
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Exhibit: Aggregate
Q69: Use the following to answer questions.
Exhibit: Aggregate
Q70: Use the following to answer questions .
Exhibit:
Q72: Which of the following statements is true?
A)
Q73: The model of aggregate demand and long-run
Q74: Use the following to answer questions .
Exhibit:
Q75: Which of the following events will shift
Q76: Use the following to answer questions .
Exhibit:
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