Which of the following is true in the long run?
A) The aggregate demand curve determines the level of potential output.
B) The long-run aggregate supply curve is horizontal.
C) The actual price level is less than the expected price level.
D) Cyclical unemployment is between 5 percent and 6 percent.
E) The price level is determined entirely by the aggregate demand curve.
Correct Answer:
Verified
Q139: Exhibit 10-7 Q140: Exhibit 10-6 Q141: Given the long-run aggregate supply curve,the aggregate Q142: In the long run,a decrease in aggregate Q143: In the long run,an increase in aggregate Q145: Which of the following is true in Q146: Whether aggregate supply shifts quickly or slowly Q147: During a recession,output is Q148: If a contractionary gap exists and resource Q149: Which of the following is true in
A)above potential and unemployment
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