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

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter20: Aggregate Demand And Supply

Section20.A: The Self Correcting Aggregate Demand And Supply Model

Problem 8SQ

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Topic: Aggregate Demand