Asked by j
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
I can’t see the graph — could you upload it or describe it (is the long‑run curve vertical, horizontal, or upward‑sloping?)?
Quick guide so you can pick the right choice:
- If the graph is the macro AD‑AS model with a vertical LRAS, long‑run supply is fixed at full‑employment output → "Output remains constant."
- If it’s a micro long‑run supply for a constant‑cost perfectly competitive industry (horizontal LR supply), output can expand with demand at the same price → "Output increases."
- If the graph is ambiguous or missing key info, then "Output cannot be predicted."
Upload the image or tell me which shape the long‑run curve has and I’ll give the correct choice and a brief explanation.
Quick guide so you can pick the right choice:
- If the graph is the macro AD‑AS model with a vertical LRAS, long‑run supply is fixed at full‑employment output → "Output remains constant."
- If it’s a micro long‑run supply for a constant‑cost perfectly competitive industry (horizontal LR supply), output can expand with demand at the same price → "Output increases."
- If the graph is ambiguous or missing key info, then "Output cannot be predicted."
Upload the image or tell me which shape the long‑run curve has and I’ll give the correct choice and a brief explanation.
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.