Question: A vertical long-run aggregate supply curve indicates... a. an increase in the price level will not expand an economy's output in the long run. b.

A vertical long-run aggregate supply curve indicates...

a. an increase in the price level will not expand an economy's output in the long run.

b. output rates greater than the long-run output rate cannot be reached.

c. an increase in the price level will promote technological change and hence economic growth.

d. the long-run aggregate supply curve never changes.

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