In the long run,if the prices of goods and services paid by consumers increase:
A)the long-run aggregate supply will increase.
B)the long-run aggregate supply will decrease.
C)the long-run aggregate supply will stay the same.
D)the long-run aggregate demand will increase.

Question

Quizplus · Accepted Answer

In the long run, the aggregate supply is determined by factors like technology and resources, not by price levels, so it remains unchanged.

In the Long Run,if the Prices of Goods and Services