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

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

Quizplus · Accepted Answer

The long-run aggregate supply curve is vertical, reflecting the idea that in the long run, the economy's total output is determined by its resources, technology, and institutions, and is not influenced by the price level.

The Long-Run Aggregate Supply Curve