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We Distinguish Between the Long-Run Aggregate Supply Curve and the Short-Run

Question 364

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We distinguish between the long-run aggregate supply curve and the short-run aggregate supply curve. In the long run


A) the aggregate supply curve is horizontal while in the short run it is upward sloping.
B) real GDP equals potential GDP.
C) the price level is constant but in the short run it fluctuates.
D) technology is fixed but not in the short run.

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