Answer:
check in your social textbook
The Long-Run Aggregate Supply Curve measures the potential output.
B)
Changes in Real GDP effect the quantity of aggregate output supplied
greatly
C)
Changes in Real GDP has no effect on the quantity of aggregate output
supplied
D)
Changes in Aggregate Price Level has no effect on the quantity of
aggregate output supplied.
The Long-Run Aggregate Supply (LRAS) curve is vertical because it represents the economy's potential maximum output, which is not influenced by changes in prices (Aggregate Price Level) in the long run.
The Long-Run Aggregate Supply (LRAS) curve is vertical because it represents the total quantity of goods and services produced by an economy at full employment. This capacity is fixed in the long run as it is determined by factors such as capital, labor, technology, and natural resources available in the economy. Therefore, changes in the Aggregate Price Level have no effect on the quantity of aggregate output supplied in the long-run because output is already at its maximum, hence the vertical LRAS curve.
While option B suggests changes in Real GDP affect the quantity of aggregate output supplied greatly, which is true in the short run represented by short-run aggregate supply (SRAS) curve, but in the long run, the quantity of aggregate output supplied is independent of the price level, reflecting option D, which is why a LRAS curve is vertical.
#SPJ3
Who was the leader of the Communist Party of china ?
Answer:
xi jinping
Explanation:
he was the the highest-ranked official in china since 2012 he became the leader from the cpc in 2016
Answer:Autocracy
Explanation:
Autocracy is where a single person holds all power