Multiple Choice
The ʺlong-run aggregate supply curve,ʺ vertical at Y*,shows that
A) potential output will rise as prices rise.
B) potential output will fall as prices rise.
C) potential output is compatible with any price level.
D) potential output is compatible with one particular price level.
E) prices will always rise in the long run.
Correct Answer:
Verified
Correct Answer:
Verified
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