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Select the TRUE statement below regarding aggregate supply in the short and long run. The LRAS curve can move over time. The relationship between price
Select the TRUE statement below regarding aggregate supply in the short and long run.
- The LRAS curve can move over time.
- The relationship between price level and RGDP is negative in the short run.
- In the long run, there are no limits on production.
- In the long run, there is a close relationship between price level and RGDP.
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Essentials of Econometrics
Authors: Damodar Gujarati, Dawn Porter
4th edition
73375845, 978-0071276078, 71276076, 978-0073375847
