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- Question
The long run aggregate supply curve is vertical because
Options- A. there is no cyclical inflation
- B. potential GDP is low
- C. at full employment prices are stable
- D. all of the above
- Correct Answer
- at full employment prices are stable
ExplanationThe long-run aggregate supply curve is vertical because it is at the full-employment or potential output. Because the economy's potential output is determined by the availability and productivity of real resources, not by the price level. That means that even if demand increases, firms can't hire new workers and expand because everyone is already working.
- 1. Gangubai hangal is the name associated with
Options- A. Literature
- B. Music
- C. Journalism
- D. Environment Discuss
- 2. The largest production of mica in Asia is from
Options- A. Indonesia
- B. Malaysia
- C. Myanmar
- D. India Discuss
- 3. Plants synthesis protein from
Options- A. starch
- B. sugar
- C. amino acids
- D. fatty acids Discuss
- 4. The year 1985 was declared as the International Year of
Options- A. Blind
- B. Youth
- C. Children
- D. GandhiWomen Discuss
- 5. The 'Char Minar' is in
Options- A. Ahmedabad
- B. Hyderabad
- C. Delhi
- D. Sikri Discuss
- 6. Detergents used for cleaning clothes and utensils contain?
Options- A. bicarbonates
- B. bismuthates
- C. sulphonates
- D. nitrates Discuss
- 7. What is the term to ask the computer to put information in order numerically or alphabetically?
Options- A. Crop
- B. Report
- C. Record
- D. Sort Discuss
- 8. Where is the National Institute of Virology situated?
Options- A. Pune
- B. Delhi
- C. Kolkata
- D. Madras Discuss
- 9. Jamini Roy was a famous?
Options- A. Producer
- B. Painter
- C. Dancer
- D. Actor Discuss
- 10. The 'Agha Khan Cup' is associated with which game?
Options- A. Badminton
- B. Hockey
- C. Football
- D. Cricket Discuss
More questions
Correct Answer: Music
Correct Answer: India
Correct Answer: amino acids
Correct Answer: Youth
Correct Answer: Hyderabad
Correct Answer: sulphonates
Correct Answer: Sort
Correct Answer: Pune
Correct Answer: Painter
Correct Answer: Hockey
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