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What Is Sometimes Called the "Long- Run Aggregate Supply Curve

Question 26

Multiple Choice

What is sometimes called the "long- run aggregate supply curve" relates the aggregate price level to real GDP


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

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