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    Exam 10: Real GDP and the Price Level in the Long Run
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    Long-Run Aggregate Supply Is
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Long-Run Aggregate Supply Is

Question 206

Question 206

Multiple Choice

Long-run aggregate supply is


A) the sum of planned expenditures by consumers and firms.
B) the level of output that occurs when the economy is operating on the production possibilities curve.
C) downward sloping.
D) upward sloping.

Correct Answer:

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