Ask Question
Social StudiesSocial Studies
3 November, 13:18

A vertical AS curve means that the level of aggregate supply (or potential GDP) will determine the real GDP of the economy, regardless of the level of A. cyclical unemployment. B. real unemployment. C. aggregate demand. D. inflationary pressures.

+3
Answers (1)
  1. 3 November, 17:07
    0
    C. aggregate demand

    Explanation:

    AS curve:

    It is described by the allocative efficiency curve, reflecting the relationship between price levels and the amount of production that companies are willing to provide. The correlation between allocative efficiency and market price is usually positive ... A vertical AS curve indicates that the aggregate supply level will decide the economy's actual GDP, independent of the level of aggregate demand.

    Therefore the answer is C.

    C. aggregate demand
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A vertical AS curve means that the level of aggregate supply (or potential GDP) will determine the real GDP of the economy, regardless of ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
South Africa is most known for its exporting of A) automobiles. B) cotton. C) minerals. Eliminate D) rice
Answers (2)
Laws that established literacy tests, poll taxes, and grandfather clauses were passed by Southern states to?
Answers (1)
After a 1954 Supreme Court decision, to what two types of institutions did the equal protection clause of the Fourteenth Amendment apply
Answers (1)
Why did many of the boundaries of the new African State created after World War II cause problems
Answers (1)
Explain why babies born in different countries may be vaccinated against different diseases
Answers (1)
New Questions in Social Studies
6. Contrast the way Sonia and Tim feel about the changes they face in the stories.
Answers (1)
Management of a corporation by its stockholders is typically practiced by
Answers (1)
Josef Stalin, leader of the Soviet Union, signed a Non-Aggression Pact with Hitler before the start of World War II and promised to split control of the Sudetenland in the event of a war. True or false?
Answers (1)
We often hear about an alarming rise in criminal incidents throughout the country. In many cases, the persons accused get minor punishments while in some cases, they are set free due to the lack of proper evidence.
Answers (1)
What is the name of the sea where Christ harnessed a raging storm?
Answers (1)
Home » Social Studies » A vertical AS curve means that the level of aggregate supply (or potential GDP) will determine the real GDP of the economy, regardless of the level of A. cyclical unemployment. B. real unemployment. C. aggregate demand. D. inflationary pressures.
Sign Up Forgot Password?