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The long-run aggregate supply (LAS) curve is drawn vertical to the horizontal axis because a. there is inefficiency in some input markets. b. all adjustments
The long-run aggregate supply (LAS) curve is drawn vertical to the horizontal axis because a. there is inefficiency in some input markets. b. all adjustments have reached their conclusion and the economy is operating at potential GDP. c. there is a permanent inflationary gap in the economy forcing supply into its inelastic range. d. the economy is at the limit of its efforts to maintain production
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