Which of these is assumed to be constant along an aggregate supply curve?
A)The price level in an economy
B)The exchange rate between the domestic and a foreign currency
C)The state of technology used in production
D)The unemployment rate
E)The real GDP

Question

Quizplus · Accepted Answer

The state of technology used in production is assumed to be constant along an aggregate supply curve, as it is one of the determinants of potential output in the long run. The other options listed are not assumed to be constant along the aggregate supply curve.

Which of These Is Assumed to Be Constant Along an Aggregate