in the extended ad-as model, the long-run aggregate supply curve is vertical. group of answer choices true fals

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10-12-2022
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in the extended ad-as model, the long-run aggregate supply curve is vertical. group of answer choices true fals

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ahmadfardeen571 ahmadfardeen571 · Answer 1 · 2022-12-16T14:13:27+01:00

In the extended ad-as model, the long-run aggregate supply curve is vertical. The given statement is true.

In different words, the financial system is making as a whole lot as it can, given its assets. Classical economists suppose that the LRAS curve is vertical. there is without a doubt no spare capacity inside the economy. The maximum real output is already being produced.

The vertical axis represents the charge level of all very last goods and services. The combination charge stage is measured via either the GDP deflator or the CPI. The horizontal axis represents the actual amount of all items and offerings bought as measured via the level of real GDP.

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