The Long-Run Aggregate Supply Curve Is

question 114

Multiple Choice

The long-run aggregate supply curve is

• A) horizontal at the full-employment level of real Gross Domestic Product (GDP).
• B) vertical at the full-employment level of real Gross Domestic Product (GDP).
• C) sloping upward due to the effects of price level changes on real Gross Domestic Product (GDP).
• D) the same as the short run aggregate supply (SRAS) curve.

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