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    Macroeconomics Study Set 48
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    Exam 12: Aggregate Demand and Aggregate Supply
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    Because the Aggregate Price Level Has No Effect on Aggregate
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Because the Aggregate Price Level Has No Effect on Aggregate

Question 80

Question 80

Multiple Choice

Because the aggregate price level has no effect on aggregate output in the long run, the long-run aggregate supply curve is:


A) upward sloping.
B) vertical.
C) horizontal.
D) downward sloping.

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