In the long run, the level of output depends on the price level.
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Q140: Recall the Application about the factors involved
Q141: In the short run, the price level
Q142: Explain why the long-run aggregate supply curve
Q143: If potential output exceeds actual output, _
Q144: The term "stagflation" is used to define
Q146: If actual output exceeds potential output, _
Q147: If actual output exceeds potential output, the
Q148: Adjustments in _ take the economy from
Q149: If potential output exceeds actual output, the
Q150: During an economic boom, output exceeds potential
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