The Long-Run Aggregate Supply Curve Is

Multiple Choice

The long-run aggregate supply curve is

A) vertical because full-employment output is independent of the price level.
B) upward sloping because the economy grows over time.
C) horizontal because full-employment output is independent of the price level.
D) upward sloping because as the price level rises,firms will increase output.
E) downward sloping because rising prices reduce real wealth and spending.