Which of the following is true about the long-run aggregate supply curve a. It is

Chapter 0, Problem 11

(choose chapter or problem)

Which of the following is true about the long-run aggregate supply curve? a. It is horizontal. b. It is the result of nominal wages being fully flexible. c. It is the result of sticky prices. d. It is upward sloping. e. It intersects the horizontal axis at the actual level of real GDP.

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