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13 October, 11:46

If potential gdp is equal to $600 billion, what does the longminus-run aggregate supply curve look like?

a. it is a vertical line at a level of gdp above $600 billion.

b. it is a horizontal line at $600 billion of gdp.

c. it is a vertical line at $600 billion of gdp.

d. it is a vertical line at a level of gdp below $600 billion.

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Answers (1)
  1. 13 October, 15:24
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    D: it is a vertical line at a level of gdp below $600 billion
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