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The Long-Run Aggregate Supply Curve

Question 2

Multiple Choice

The long-run aggregate supply curve:


A) is vertical and shows that long-run output is not determined by the price level or inflation.
B) is horizontal and shows that long-run output is sensitive to changes in the price level and inflation.
C) shows how aggregate output changes when the price level or inflation rate changes.
D) slopes up and to the right.

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