At full employment: O the aggregate demand curve is vertical O the long-run aggregate demand curve is upward sloping O the short-run aggregate supply curve is upward sloping O the long-run aggregate supply curve is upward sloping

At full employment: O the aggregate demand curve is vertical O the long-run aggregate demand curve is upward sloping O the short-run aggregate supply curve is upward sloping O the long-run aggregate supply curve is upward sloping

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter23: Aggregate Demand And Aggregate Supply

Section23.4: The Aggregate-supply Curve

Problem 4QQ

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Question

At full employment:
O the aggregate demand curve is vertical
O the long-run aggregate demand curve is upward sloping
O the short-run aggregate supply curve is upward sloping
O the long-run aggregate supply curve is upward sloping

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