Author Question: The long run aggregate supply curve is vertical because A) a change in the level of prices will ... (Read 60 times)

washai · **on:** Jun 30, 2018

The long run aggregate supply curve is vertical because

A) a change in the level of prices will have no effect on real output in the long-run.
B) the production possibilities curve is vertical.
C) the aggregate demand curve is downward sloping.
D) technology increases at a constant rate.

Question 2

Say's law argues that

I. overproduction is typical in a market economy.
II. supply creates its own demand.
A) I only B) II only C) Both I and II D) Neither I nor II