evaluate-why-the-lras-curve-is-represented-as-a-vertical-line-in-the-ad-as-model

Question

Evaluate why the LRAS curve is represented as a vertical line in the AD-AS model.

Accepted Answer

Because price level does not affect the quantity of real GDP in the long run.

Answer

Because real GDP is determined solely by consumer demand in the long run.

Answer

Because real GDP is unaffected by changes in technology in the long run.

Answer

Because price level directly affects the quantity of real GDP in the long run.