Multiple Choice
Which of the following is true in the long run?
A) The aggregate demand curve determines the level of potential output.
B) The long-run aggregate supply curve is vertical.
C) The actual price level is greater than the expected price level.
D) Cyclical unemployment is between 5 percent and 6 percent.
E) The price level is determined entirely by the long-run aggregate supply curve.
Correct Answer:

Verified
Correct Answer:
Verified
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Q166: Exhibit 10-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4914/.jpg" alt="Exhibit 10-2
Q168: For the purpose of aggregate supply analysis,the
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Q171: Exhibit 10-12 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4914/.jpg" alt="Exhibit 10-12
Q172: If nominal wages are sticky in the