In the Long Run,the Aggregate Supply Curve Is Vertical Because

question 54

Multiple Choice

In the long run,the aggregate supply curve is vertical because

• A) in the long run, potential output is less than actual output.
• B) input prices and output prices are unaffected by changes in aggregate demand.
• C) aggregate demand becomes horizontal.
• D) input prices change by the same proportion as product prices, leaving output levels unchanged.
• E) excess capacity allows firms more resource flexibility.

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