Multiple Choice
The vertical long-run aggregate supply curve reflects the fact that in the long run, an increase in the price level
A) will not alter the economy's maximum sustainable rate of output.
B) will increase the economy's maximum sustainable rate of output.
C) will reduce the quantity of goods and services purchasers will demand.
D) will improve the overall efficiency of resource use.
Correct Answer:
Verified
Correct Answer:
Verified
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