Explain Why the Long-Run Aggregate Supply Curve Is Vertical

question 1

Essay

Explain why the long-run aggregate supply curve is vertical.

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Definitions:

Big Bang Theory

The prevailing cosmological model explaining the early development of the Universe, suggesting it expanded from a singularly hot and dense point about 13.8 billion years ago.

Genetic Predispositions

Natural tendencies or vulnerabilities an individual may inherit that can lead to the development of certain conditions or traits.

Evolutionary Psychologists

Scientists who study the psychological adaptations of humans to the changing physical and social environment, particularly from an evolutionary perspective.

Mutations

Changes in the DNA sequence of an organism's genes, which can lead to variations in physical traits or biological functions.