The ________ curve is vertical.
A)short-run aggregate supply
B)short-run aggregate demand
C)long-run aggregate supply
D)long-run aggregate demand
E)long-run consumption

Question

Quizplus · Accepted Answer

The long-run aggregate supply curve is vertical because in the long run, the economy has reached its potential output level and changes in prices do not affect the level of output. The other options are upward sloping or downward sloping.

The ________ Curve Is Vertical