The long-run aggregate supply (LAS) curve
A) has a positive slope.
B) has a negative slope.
C) is vertical.
D) is horizontal.

Name: The long-run aggregate supply (LAS) curve A) has a positive slope. B) has a negative slope. C) is vertical. D) is horizontal.
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Question

Quizplus · Accepted Answer

The long-run aggregate supply (LAS) curve is vertical because it represents the real GDP of an economy when all resources are fully employed, and it is unaffected by the price level in the long run.

The Long-Run Aggregate Supply (LAS) Curve