- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 10. Aggregate Output, Prices, and Economic Growth
- Subject 4. Aggregate Supply
CFA Practice Question
The long-run aggregate supply curve ______
B. is horizontal.
C. slopes upward.
A. is vertical.
B. is horizontal.
C. slopes upward.
Correct Answer: A
Potential GDP is independent of the price level in the long run.
User Contributed Comments 1
| User | Comment |
|---|---|
| DonAnd | LAS cure is vertical at potential GDP. |