a. because the rate of inflation is steady in the long run.
b. only when the money supply increases at the same rate as real GDP.
c. because resource prices eventually rise and fall with product prices.
d. because product prices tend to increase at a faster rate than resource prices.
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Home » Business » The long-run aggregate supply curve is vertical: a. because the rate of inflation is steady in the long run. b. only when the money supply increases at the same rate as real GDP. c.