Which of the following
statements is true about the
"Long-Run Classical
Macroequilibri...
Which of the following
statements is true about the
"Long-Run Classical
Macroequilibrium" Curve?
A. The price is fixed because demand
always changes.
B. The LRAS is a horizontal line, so prices
are fixed.
C. Real Output must change as prices
change.
D. The supply (LRAS) is a vertical line, but
prices can increase or decrease.
Answers: 2
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