The long-run aggregate supply curve is determined by all of the following EXCEPT
A)aggregate demand.
B)endowments.
C)technology.
D)the amount of resources that exist in the economy.

Question

Quizplus · Accepted Answer

The long-run aggregate supply curve is not affected by aggregate demand, as it only reflects the economy's natural rate of output in the absence of short-term fluctuations. The factors that do affect the long-run aggregate supply are endowments (such as labor force and natural resources), technology, and the amount of resources available in the economy.

The Long-Run Aggregate Supply Curve Is Determined by All of the Following