The Long Run Aggregate Supply Curve Is Vertical Because

question 34

Multiple Choice

The long run aggregate supply curve is vertical because

• A) the production possibilities curve is vertical.
• B) the aggregate demand curve is downward sloping.
• C) technology increases at a constant rate.
• D) a change in the level of prices will have no effect on real output in the long-run.

---

Definitions:

Lion Gate

A main entrance of the Bronze Age citadel of Mycenae in southern Greece, marked by a relief sculpture of two lionesses.

Theran Paintings

Wall paintings from the ancient city of Akrotiri on the island of Thera (Santorini), showcasing sophisticated frescoes with naturalistic motifs and figures.

Marble Figurines

Small, carved statues typically made from marble, representing human or mythological forms, often found in ancient Mediterranean cultures.

Cyclades

A group of islands in the Aegean Sea, significant in ancient Greek history and archaeology for their early Cycladic civilization.