Answered: The long-run aggregate supply curve is…

The long-run aggregate supply curve is a vertical line passing through Select one: Oa the natural rate of output. O b. the actual rate of unemployment. Oc the expected rate of inflation.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter23: Aggregate Demand And Aggregate Supply

Section: Chapter Questions

Problem 7QR

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Question

The long-run aggregate supply curve is a vertical line passing through
Select one:
Oa the natural rate of output.
O b. the actual rate of unemployment.
Oc the expected rate of inflation.
O d the natural-rate price level.

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