The economy's long-run aggregate supply curve
a. never shifts
b. indicates that in the long run, the price level is constant
c. is shifted by demand shocks
d. is a vertical line at the full-employment level of output
e. is perfectly elastic
D
Economics
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Which best describes a credit default swap?
A) It is designed to reduce interest-rate risk. B) The issuer receives payments from the buyer in return for agreeing to make payments to the buyer if the security goes into default. C) Issuers are taking out insurance in case of default. D) It represents a way for the issuer to establish its creditworthiness.
Economics
The leading spokesperson for monetarism was
A. Arthur Laffer. B. John Maynard Keynes. C. Ronald Reagan. D. Milton Friedman.
Economics