Which of the following best describes the relationship between the LRAS curve and real output levels?
A) The LRAS curve is vertical with real output levels that can be either greater than or less than the natural level of real output.
B) The LRAS curve is upward sloping with real output levels that vary positively with the price level.
C) The LRAS curve is upward sloping with real output levels that vary negatively with the price level.
D) The LRAS curve is vertical with real output levels that are equal to the natural level of real output at all price levels.
Correct Answer:
Verified
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