Which of the following curves is vertical?
A) aggregate demand
B) short-run aggregate supply
C) long-run aggregate supply
D) aggregate expenditures line

Name: Which of the following curves is vertical? A) aggregate demand B) short-run aggregate supply C) long-run aggregate supply D) aggregate expenditures line
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Question

Quizplus · Accepted Answer

The long-run aggregate supply curve is vertical because it represents the economy's maximum sustainable output level, which is not affected by changes in the price level in the long run.

Which of the Following Curves Is Vertical