If the supply of iPods increases, then
i. the supply curve for iPods has shifted rightward.
ii. the price of iPods has decreased.
iii. there will be a movement upward along the iPod supply curve.
A) i only
B) i, ii and iii
C) i and ii
D) ii and iii
E) i and iii
A
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Because the price level does not affect the long-run determinants of real GDP, the long-run aggregate-supply is vertical
a. True b. False Indicate whether the statement is true or false
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