The long-run aggregate supply curve and the full-employment curve are vertical because a. output is determined by equili

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answerhappygod
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The long-run aggregate supply curve and the full-employment curve are vertical because a. output is determined by equili

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The long-run aggregate supply curve and the full-employmentcurve are vertical because
a. output is determined by equilibrium in the labor market inthe long-run and is therefore not a function of the price level orthe real wage rate.
b. output is determined by equilibrium in the labor market inthe long-run and is therefore not a function of the price level orthe real interest rate.
c. prices are quick to adjust.
d. prices are slow to adjust.
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