-The curve labeled A in the above figure is a
A) long-run aggregate supply curve.
B) short-run aggregate supply curve.
C) long-run aggregate demand curve.
D) short-run aggregate demand curve.

Question

-The curve labeled A in the above figure is a
A) long-run aggregate supply curve. 
B) short-run aggregate supply curve. 
C) long-run aggregate demand curve. 
D) short-run aggregate demand curve.

Quizplus · Accepted Answer

The long-run aggregate supply curve is typically represented as a vertical line, indicating that in the long run, the total output of an economy is determined by factors such as technology and resources, not by the price level.

-The Curve Labeled a in the Above Figure Is a