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The Economy's Long-Run AS Curve Assumes That Wages and Other

Question 268

Multiple Choice

The economy's long-run AS curve assumes that wages and other resource prices


A) eventually rise and fall to match upward or downward changes in the price level.
B) are flexible upward but inflexible downward.
C) rise and fall more rapidly than the price level.
D) are relatively inflexible both upward and downward.

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