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  • 11-03-2024
  • Business
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The long-run aggregate supply (LAS) curve
A. has a positive slope.
B. has a negative slope.
C. is horizontal.
D. is vertical.

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Sicilian
Sicilian Sicilian
  • 11-03-2024

Answer:

D. is vertical.

In macroeconomics, the long-run aggregate supply (LAS) curve represents the level of real GDP that an economy can produce at full employment in the long run. The LAS curve is vertical because it is determined by the economy's potential output, which is determined by factors such as the labor force, capital stock, technology, and institutional factors

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