The long run aggeegrate supply LRAS curve of the classical model is: Question options: vertical upward...

The long run aggeegrate supply LRAS curve of the classical model is:

Question options:

	vertical
	upward sloping
	horizontal
	downward sloping

Solutions

Expert Solution

If we talk in simple terms then long run aggregate supply curve is plotted on real GDP and price level car

it is vertical shape that shows that the change in real GDP is constant shown below in the figure

So the correct answer here is option A

Rahul Sunny answered 1 year ago

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