Multiple Choice
The long-run aggregate supply curve (LRAS) is:
A) a vertical curve that relates the level of real GDP produced to the price level in the long run.
B) an upward sloping curve that relates the level of real GDP produced to the price level in the long run.
C) an infinite curve that relates the level of real GDP produced to the price level in the long run.
D) none of the above are true.
Correct Answer:
Verified
Correct Answer:
Verified
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