The long-run aggregate supply curve is _____.
A) downward sloping
B) upward sloping
C) vertical
D) horizontal

Name: The long-run aggregate supply curve is _____. A) downward sloping B) upward sloping C) vertical D) horizontal
Brand: Quizplus
Rating: 4.7 (40 reviews)

Question

Quizplus · Accepted Answer

The long-run aggregate supply curve is vertical because, in the long run, the total output is determined by the availability of resources, technology, and institutions, and is not affected by the price level.

The Long-Run Aggregate Supply Curve Is _____