The Long-Run Classical Macroeconomic
Equilibrium model has a vertical Long-Run
Aggregate Supp...
Business, 28.08.2020 21:01 monsterduckgoose
The Long-Run Classical Macroeconomic
Equilibrium model has a vertical Long-Run
Aggregate Supply Curve. What happens to the
price if the equilibrium price continues to
move up the LRAS curve?
A. The average price level will continue to drop.
B. The average price level will start to rise.
C. The average price level is unaffected.
Answers: 2
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Answers: 1
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