Which of the following is correct?
A) The short-run,but not the long-run,aggregate supply curve is consistent with the idea that nominal variables do not affect real variables.
B) The long-run,but not the short-run,aggregate supply curve is consistent with the idea that nominal variables do not affect real variables.
C) The long-run and short-run supply curves are both consistent with the idea that nominal variables affect real variables.
D) Neither the long-run nor the short-run aggregate supply curve is consistent with the idea that nominal variables affect real variables.
Correct Answer:
Verified
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