Multiple Choice
Which of the following is true about the price level and aggregate supply?
A) The price level influences aggregate supply in both the long run and short run.
B) The price level influences aggregate supply in the long run but not in the short run.
C) The price level influences aggregate supply in the short run but not in the long run.
D) The price level never impacts aggregate supply.
E) There is no clear relationship between the price level and aggregate supply.
Correct Answer:
Verified
Correct Answer:
Verified
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