The long-run aggregate supply line is:
A)downward sloping.
B)vertical at the economy's potential output.
C)upward sloping.
D)vertical at the economy's actual output.

Name: The long-run aggregate supply line is: A)downward sloping. B)vertical at the economy's potential output. C)upward sloping. D)vertical at the economy's actual output.
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Question

Quizplus · Accepted Answer

The long-run aggregate supply (LRAS)line is vertical at the economy's potential output and illustrates the economy's long-run productive capacity or potential output.

The Long-Run Aggregate Supply Line Is