Economics · Macroeconomics
Compared to the short-run Aggregate Supply (SRAS) curve, the long-run Aggregate Supply (LRAS) curve in macroeconomic analysis has:
- 1a negative slope while the short-run Aggregate Supply curve has zero slope
- 2a flatter slope than the short-run Aggregate Supply curve
- 3a steeper (vertical) slope than the short-run Aggregate Supply curve✓
- 4the exact same slope as the short-run Aggregate Supply curve
Correct answer
a steeper (vertical) slope than the short-run Aggregate Supply curve
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