The worst weekly decline in U.S. stock market history occurred during the week beginning with ________

The long-run aggregate supply curve

A. is vertical because there is one price level and an infinite number of outputs. B. relates the level of nominal output produced by firms to the implicit price deflator. C. relates the level of output produced by firms to the price level in the long run. D. is determined by the real output demanded by economic agents in an economy.

At the time of his retirement, an individual was able of purchase a basket of goods for $100 . If the price index rises by 3 percent every year, he would require _____ to purchase the same basket of goods 5 years later

a. $103.5 b. $120 c. $150 d. $115.9