Question: e long-run aggregate supply curve is vertical 1-because the rate of inflation is steady in the long run. 2-because resource prices eventually rise and fall
e long-run aggregate supply curve is vertical
1-because the rate of inflation is steady in the long run.
2-because resource prices eventually rise and fall with product prices.
3- because product prices tend to increase at a faster rate than resource prices.
4-only when the money supply increases at the same rate as real GDP.
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