The long-run aggregate supply curve is:
A) horizontal.
B) upward sloping.
C) downward sloping.
D) vertical.

Name: The long-run aggregate supply curve is: A) horizontal. B) upward sloping. C) downward sloping. D) vertical.
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Question

Quizplus · Accepted Answer

The long-run aggregate supply curve is vertical because, in the long run, the total output is determined by the amount of resources available and the productivity of those resources, not by the price level.

The Long-Run Aggregate Supply Curve Is