The Long-Run Aggregate Supply Curve (LRAS) Is

question 61

Multiple Choice

The long-run aggregate supply curve (LRAS) is:

• A) a vertical curve that relates the level of real GDP produced to the price level in the long run.
• B) an upward sloping curve that relates the level of real GDP produced to the price level in the long run.
• C) an infinite curve that relates the level of real GDP produced to the price level in the long run.
• D) none of the above are true.

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