Business, 26.03.2020 19:47 cupkakekawaii45

The long-run aggregate supply curve
1. is very sensitive to changes in the price level.
2. shows that at higher prices, potential real Gross Domestic Product (GDP) increases.
3. shows that long-run aggregate supply equals potential real Gross Domestic Product (GDP).
4. slopes up and to the right.

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The long-run aggregate supply curve
1. is very sensitive to changes in the price level.

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