The assumption that in the long run prices and wages are fully flexible implies that the long-run aggregate supply curve is determined by ________.
A) capital and labor inputs
B) technology
C) the natural rate of unemployment
D) all of the above
E) none of the above
Correct Answer:
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Q1: The endogenous variable in the aggregate supply
Q2: The aggregate demand curve has a negative
Q4: If the Federal Reserve raises the real
Q5: The endogenous variable in the aggregate demand
Q6: Rising inflation causes quantity demanded to decline,because
Q7: Which equation is a plausible aggregate demand
Q8: In the short run,_.
A)cost push shocks can
Q9: The aggregate demand curve shifts to the
Q10: The aggregate demand curve shifts to the
Q11: The effect on the aggregate demand curve
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