The long- run aggregate supply curve is because along it, as prices rise, the money wage rate .
A) vertical; rises
B) upward sloping; stays constant
C) vertical; falls
D) upward sloping; falls
Correct Answer:
Verified
Q16: Aggregate supply is
A) the relationship between the
Q17: When the labor market is in equilibrium,
A)
Q18: In the macroeconomic long run,
A) output always
Q19: An aggregate supply curve depicts the relationship
Q20: In the macroeconomic short run,
A) actual real
Q22: The long- run aggregate supply curve illustrates
Q23: The long- run aggregate supply curve shows
Q24: In the short run, the aggregate supply
Q25: Which of the following is true about
Q26: The long- run aggregate supply curve
A) is
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