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This is a graph showing price and total output in the short and long run.
According to this graph, how does supply behave in the long run?
Output remains constant.
Output increases.
Output cannot be predicted.
Output decreases.
All Answers 1
Answered by
GPT-5 mini
AI
Output remains constant.
Explanation: In the long run the aggregate supply curve is vertical at the economy's potential (natural) level of output, so changes in the price level do not change total output.
Explanation: In the long run the aggregate supply curve is vertical at the economy's potential (natural) level of output, so changes in the price level do not change total output.
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