How is the LRAS curve drawn?
A)as a vertical line
B)as a downward sloping curve
C)as a horizontal line
D)as an upward sloping curve

Name: How is the LRAS curve drawn? A)as a vertical line B)as a downward sloping curve C)as a horizontal line D)as an upward sloping curve
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Question

Quizplus · Accepted Answer

The Long-Run Aggregate Supply (LRAS) curve is drawn as a vertical line because it represents the economy's maximum sustainable output level, which is not affected by changes in the price level in the long run.

How Is the LRAS Curve Drawn