The long-run aggregate supply curve is... A) Upward sloping at the potential GDP level B) Vertical at the potential GDP level C) Above the short-run aggregate supply curve D) Downward sloping like the aggregate demand curve
The long-run aggregate supply curve is... A) Upward sloping at the potential GDP level B) Vertical at the potential GDP level C) Above the short-run aggregate supply curve D) Downward sloping like the aggregate demand curve
Chapter20: Aggregate Demand And Supply
Section20.A: The Self Correcting Aggregate Demand And Supply Model
Problem 5SQ
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The long-run
A) Upward sloping at the potential GDP level
B) Vertical at the potential GDP level
C) Above the short-run aggregate supply curve
D) Downward sloping like the aggregate demand curve
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