Multiple Choice
We draw the long-run aggregate supply curve as a vertical line to reflect the fact that
A) the productive capacity of the economy never changes after full adjustment has occurred.
B) changes in the price level do not alter the level of long-run real GDP after full adjustment has occurred.
C) technology and resource endowments do not affect long-run real GDP after full adjustment has occurred.
D) an accurate depiction of the production possibilities curve is vertical after full adjustment has occurred.
Correct Answer:

Verified
Correct Answer:
Verified
Q285: The total of all planned production for
Q286: A persistent decline in the price level
Q287: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q288: Economic growth can be depicted as<br>A) a
Q289: Over the past 40 years, which of
Q291: Which of the following is a factor
Q292: The long-run aggregate supply curve is determined
Q293: An increase in the amount of money
Q294: How does aggregate demand curve (AD) differ
Q295: If you have $10,000 and the Gross