In the long run, real output is determined by the LRAS curve while the price level is determined by the position of the AD curve because: d. The LRAS curve is horizontal a. The long-run AD curve is downward sloping c. The LRAS is vertical b. The intermediate rage of the AS curve is upward slopingWhen an economy?s production capacity is expanding: c. Domestic investment exceeds depreciation d. When net investment exceeds gross investment a. Nominal GDP, but not necessarily real GDP, is rising b. Net exports is always a positive amount