Multiple Choice
11.5 The Long-Run AS Curve
Refer to the information provided in Figure 11.7 below to answer the questions that follow. Figure 11.7
-Refer to Figure 11.7. $700 million is the level of aggregate output that can be sustained in the long run
A) without inflation.
B) only with inflation.
C) only with deflation.
D) only with unemployment.
Correct Answer:

Verified
Correct Answer:
Verified
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