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Which of the Following Is True in the Long Run

Question 167

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.

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