The long-run aggregate supply curve is the relationship between the price level and the quantity of real GDP that is supplied once input prices have had time to fully adjust to that price level.
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Q20: The real wealth effect is one reason
Q21: A disaster that destroys a large part
Q22: An increase in net exports would lead
Q23: Any permanent change in the quantity of
Q24: Sticky wages and input prices can explain
Q26: The economy is in long-run equilibrium only
Q27: The aggregate supply curves show how much
Q28: Long term contracts for inputs can lead
Q29: A temporary decrease in the price of
Q30: The SRAS curve is vertical at the
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