The long-run aggregate supply curve shows that by itself a permanent change in aggregate demand would lead to a long-run change in the price level and output. in the price level, but not output. in output, but not the price level. in neither the price level nor output.

The long-run aggregate supply curve shows that by itself a permanent change in aggregate demand would lead to a long-run change in the price level and output. in the price level, but not output. in output, but not the price level. in neither the price level nor output.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter14: Aggregate Demand And Supply

Section: Chapter Questions

Problem 6SQP

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Question

The long-run aggregate supply curve shows that by itself a permanent change in aggregate demand would lead to a long-run change

in the price level and output.

in the price level, but not output.

in output, but not the price level.

in neither the price level nor output.

Definition Definition Total supply of goods and services in an economy at a certain price level in a specific time period.

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The long-run aggregate supply curve shows that by itself a permanent change in aggregate demand would lead to a long-run change Answer in the price level and output. in the price level, but not output. in output, but not the price level. in neither the price level nor output.
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