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    Exam 6: Modelling Real Gdp and the Price Level in the Long Run
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    The Long-Run Aggregate Supply Curve
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The Long-Run Aggregate Supply Curve

Question 42

Question 42

Multiple Choice

The long-run aggregate supply curve


A) is horizontal.
B) indicates the economy's real output under conditions of full employment.
C) shows that changes in real GDP are sensitive to changes in the price level.
D) slopes up and to the right.

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