Question

The long run aggregate supply curve is vertical because
A) there is no cyclical inflation B) potential GDP is low C) at full employment prices are stable D) all of the above

Answer 1

Explanation:

The answer is option D) all of the above.

Answer 2

Answer:

options D I think right

Explanation:

The short-run aggregate supply curve is upward sloping because the quantity supplied increases when the price rises. In the short-run, firms have one fixed factor of production (usually capital ). When the curve shifts outward the output and real GDP increase at a given price.