In the long run,the price level is determined by aggregate supply.

Name: In the long run,the price level is determined by aggregate supply.
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In the long run, the price level is primarily determined by the money supply and the velocity of money, according to the equation of exchange in monetarist theory. Aggregate supply determines the potential output, but the actual price level is more directly influenced by monetary factors.

In the Long Run,the Price Level Is Determined by Aggregate