The long-run aggregate supply curve shows that inflation has no impact on real long-term growth.

Name: The long-run aggregate supply curve shows that inflation has no impact on real long-term growth.
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The long-run aggregate supply curve is vertical, indicating that in the long term, the economy's total output is determined by factors such as technology and resources, not by the price level or inflation. This implies that inflation does not affect the economy's real growth potential in the long run.

The Long-Run Aggregate Supply Curve Shows That Inflation Has No