A vertical long-run aggregate supply curve shows that: (a) wages and prices are sticky. (b) changes in technology do not affect the productive capacity of the economy. (c) the availability of resources does not affect the productive capacity of the economy. (d) changes in the price level do not affect the full employment productive capacity of the economy
A vertical long-run aggregate supply curve shows that: (a) wages and prices are sticky. (b) changes in technology do not affect the productive capacity of the economy. (c) the availability of resources does not affect the productive capacity of the economy. (d) changes in the price level do not affect the full employment productive capacity of the economy
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A vertical long-run
(a) wages and prices are sticky.
(b) changes in technology do not affect the productive capacity of the economy.
(c) the availability of resources does not affect the productive capacity of the economy.
(d) changes in the
economy
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