A Vertical Long-Run Aggregate Supply Curve Indicates That

Multiple Choice

A vertical long-run aggregate supply curve indicates that

A) an increase in the price level will not expand an economy's output capacity in the long run.
B) outputs greater than the long-run supply constraint cannot be achieved.
C) an increase in the price level will permit the economy to achieve a higher level of output.
D) an increase in the price level will promote technological change and more rapid economic growth.