The term "Long-Run", used in the context of the IS-MP-AS-AD model refers to the amount of time such that ... Group of answer choices monetary policy plays no role in the determination of aggregate output. only transitory deviations of labour productivity from its trend matters for the determination of the natural level of output. monetary policy has had enough time to respond to unanticipated events that buffer the economy and aggregate output returns to its natural level.. expectations about inflation have been fully incorporated into the wage-negotiation process.

The term "Long-Run", used in the context of the IS-MP-AS-AD model refers to the amount of time such that ... Group of answer choices monetary policy plays no role in the determination of aggregate...

The term "Long-Run", used in the context of the IS-MP-AS-AD model refers to the amount of time such that ...

Group of answer choices

only transitory deviations of labour productivity from its trend matters for the determination of the natural level of output.

monetary policy has had enough time to respond to unanticipated events that buffer the economy and aggregate output returns to its natural level..

expectations about inflation have been fully incorporated into the wage-negotiation process.

Jun 07, 2022