If the aggregate supply is ________, an increase in the price level does not change the unemployment rate.

Name: If the aggregate supply is ________, an increase in the price level does not change the unemployment rate.
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If the aggregate supply is vertical, it means that the economy has reached its full potential output level and any increase in the price level will not lead to an increase in production, but will only lead to higher prices. Therefore, there will be no change in the unemployment rate.

If the Aggregate Supply Is ________, an Increase in the Price