Multiple Choice
Fluctuations around the long-run aggregate supply curve:
A) are called the business cycle.
B) are experienced as expansions,recessions,and recoveries.
C) are normal for an economy.
D) All of these are true.
Correct Answer:

Verified
Correct Answer:
Verified
Q59: The downward sloping aggregated demand curve can
Q60: If a hurricane were to wipe out
Q62: The aggregate supply curve shows the relationship
Q63: There is a general overall _ relationship
Q65: The wealth effect:<br>A)explains the downward-sloping aggregate demand
Q66: A rise in the overall price level
Q67: In macroeconomics,the long run is determined by:<br>A)how
Q69: Short-run decisions refer to the:<br>A)hourly,daily,or weekly decisions
Q108: The long run result of the government
Q170: As the U.S. price level increases, expenditures