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Solved: The horizontal intercept of the long-run aggregate supply curve is a. at the
Chapter 0, Problem 3(choose chapter or problem)
The horizontal intercept of the long-run aggregate supply curve is
a. at the origin.
b. negative.
c. at potential output.
d. equal to the vertical intercept.
e. always the same as the horizontal intercept of the short-run aggregate supply curve.
Questions & Answers
QUESTION:
The horizontal intercept of the long-run aggregate supply curve is
a. at the origin.
b. negative.
c. at potential output.
d. equal to the vertical intercept.
e. always the same as the horizontal intercept of the short-run aggregate supply curve.
ANSWER:Step 1 of 2
Supply Curve is about the way used to show the correlation between the quantity and the cost related with different goods and services and the supply of quantity over a definite period of time. It represents the changes in the prices of commodities.