2. Because changes in the aggregate price level have no effect on aggregate output in the long...

Question:

2. Because changes in the aggregate price level have no effect on aggregate output in the long run, the long-run aggregate supply curve is

a. vertical.

b. horizontal.

c. fixed.

d. negatively sloped.

e. positively sloped.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Krugmans Economics For Ap

ISBN: 9781429218276

2nd Edition

Authors: Margaret Ray, David A. Anderson

Question Posted: