Only typed answer and don't use chat gpt The long run aggregate supply curve is vertical because a.the aggregate demand curve is downward sloping. b.the production possibilities curve is vertical. c.technology increases at a constant rate. d.resource prices (such as labor) adjust to changes in the price level.

A curve that depicts the relationship between the overall level of prices in an economy and the…

Answered: The long run aggregate supply curve is…

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter2: Economic Systems And The American Economy

Section: Chapter Questions

Problem 7AA

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Only typed answer and don't use chat gpt

The long run aggregate supply curve is vertical because

	a.	the aggregate demand curve is downward sloping.
	b.	the production possibilities curve is vertical.
	c.	technology increases at a constant rate.
	d.	resource prices (such as labor) adjust to changes in the price level.

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