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

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

Quizplus · Accepted Answer

The long-run aggregate supply (LAS) curve is vertical because, in the long run, the economy's output is determined by factors such as technology, resources, and institutions, which are not affected by changes in the price level.

The Long- Run Aggregate Supply (LAS)curve