Why Is the Long-Run Aggregate Supply Curve Vertical? Explain the Factors

question 4

Essay

Why is the long-run aggregate supply curve vertical? Explain the factors that determine the position of the long-run aggregate supply curve.

---

Definitions:

Mental Retardation

Mental retardation is an outdated and offensive term formerly used to describe a condition characterized by significantly below-average intellectual functioning and a lack of skills necessary for daily living; the preferred term is now "intellectual disability."

Phenylalanine

An essential amino acid required for the biosynthesis of proteins, not synthesized by the human body and obtained through diet.

Metabolize

The chemical process by which the body breaks down substances to provide energy or use them in growth and repair of tissues.

Genotype

describes the genetic makeup of an organism in terms of the alleles it carries for a particular trait, which can influence its phenotype or outward appearance.