Question: The long-run aggregate supply curve is vertical Multiple Choice because the rate of inflation is steady in the long run. because resource prices eventually rise
The long-run aggregate supply curve is vertical Multiple Choice because the rate of inflation is steady in the long run. because resource prices eventually rise and fall with product prices. becouse product prices tend to increase at of foster rote than resource prices only when the money supply increases of the same rate as real GDP
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
