The Curve That Is Sometimes Called the "Long-Run Aggregate Supply

Multiple Choice

The curve that is sometimes called the "long-run aggregate supply curve" (vertical Y*) relates the aggregate price level to real GDP

A) in the short run.
B) when wages are in adjustment but prices are unstable.
C) when national income is at less than potential income.
D) when technology is allowed to change.
E) after factor prices have fully adjusted to eliminate output gaps.