The long-run aggregate supply curve
a. is vertical
b. is upward sloping
c. is downward sloping
d. is horizontal
e. can have a variety of shapes depending on fiscal policy
A
Economics
You might also like to view...
A public good is a good that is both rival and excludable
Indicate whether the statement is true or false
Economics
Which of the following will cause an increase in producer surplus?
a. the imposition of a binding price ceiling in the market b. buyers expect the price of the good to be lower next month c. the price of a substitute increases d. income increases and buyers consider the good to be inferior
Economics