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The Long-Run Aggregate Supply Curve Is the Relationship Between the Quantity

Question 179

Multiple Choice

The long-run aggregate supply curve is the relationship between the quantity of real GDP supplied and ___________when ___________ .


A) the price level; real GDP equals potential GDP
B) the price level; real GDP equals nominal GDP
C) real GDP demanded; the price level does not change
D) real GDP demanded; the wage rate is constant

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