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

Question 16

Multiple Choice

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) the price level is constant but in the short run it fluctuates.
C) real GDP equals potential GDP.
D) technology is fixed but not in the short run.

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