The Long-Run Aggregate Supply Curve Is Vertical Because

question 69

Multiple Choice

The long-run aggregate supply curve is vertical because

• A) the economy has yet to use all its available resources.
• B) the economy has reached its potential real Gross Domestic Product (GDP) and is at full employment.
• C) the economy has contracted.
• D) the economy has large numbers of unemployed.

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Definitions:

Threats

Expressions of intention to cause harm or adverse action against someone or something.

Action Close

A concluding statement in a communication, especially within business letters or emails, that prompts the recipient to take a specific action.

Fund-raising Message

Communication specifically designed to solicit donations or financial support for a cause or organization.

Persuasive Message

Communication intended to influence or convince others to accept a certain viewpoint or take action.