we distinguish between the long-run aggregate supply curve and the short-run aggregate supply curve. in the long run
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Solution 1
In the long run, the aggregate supply curve is vertical. This is because, in the long run, the economy's output is determined by factors such as labor, capital, natural resources, and technology, but not by the price level. This means that changes in the price level do not affect the long-run aggreg Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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