The long-run aggregate supply curve
a. is vertical.
b. is a graphical representation of the classical dichotomy.
c. indicates monetary neutrality in the long run.
d. All of the above are correct.
d
You might also like to view...
If you buy an insurance policy with a high deductible and co-payments, you would end up paying
a. A higher premium b. A lower premium c. The premium of a low risk individual d. Both B&C
The Robinson-Patman Act strengthened the merger provisions of the Clayton Act
a. True b. False Indicate whether the statement is true or false
If the resources of an economy are being used inefficiently, it would be
a. possible to increase production of all goods simultaneously. b. possible to increase production of one good only if production decreased for the other goods. c. not possible to increase production of any good. d. not possible to increase economic growth. e. possible to increase production with no effort.
As one moves southeast on a linear demand curve
A. demand becomes more inelastic. B. demand becomes more elastic. C. elasticity stays the same. D. one cannot tell what happens to elasticity unless the slope of demand is known.