In the long run, if the prices of goods and services are higher than before the aggregate quantity:
A) supplied will be higher.
B) demanded will be lower.
C) supplied will not change.
D) demanded will be higher.
Correct Answer:
Verified
Q92: The long-run aggregate supply curve represents the
Q96: One reason that explains why the short-run
Q97: The aggregate supply curve shows the relationship
Q98: In general, it is easier to:
A) adjust
Q99: An aggregate supply curve that slopes upward
Q100: The phrase "sticky prices" refers to the
Q102: Fluctuations around the long-run aggregate supply curve
Q103: When the economy is creating less output
Q104: Something that would cause the long-run aggregate
Q106: In macroeconomics, the long run is determined
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents