The long-run aggregate supply curve shows the relationship between the ________ and ________.Group of answer choicesinflation rate; quantity of real GDP demandedreal interest rate; quantity of real GDP suppliednominal interest rate; quantity of real GDP suppliedprice level; quantity of real GDP supplied

What does the short-run aggregate supply curve show?Group of answer choicesThe relationship between the price level and the quantity of real GDP suppliedThe relationship between the unemployment rate and real GDPThe desired level of national expenditure at different price levelsThe relationship between labour supplied and the average wage rate

which of the following is true about the long-run aggregate supply curve?it is vertical at the level of potential gdpit does not shift in response to temporary changes in aggregate demandit shows the relationship between the price level and real gdp when wages and other costs are at an equilibrium level.all the above

we distinguish between the long-run aggregate supply curve and the short-run aggregate supply curve. in the long runtechnology is fixed but not in the short runthe price level is constant but in the short run it fluctuatesreal gdp equals potential gdpthe aggregate supply curve is horizontal while in the short run it is upward sloping.

which of the following is true about the long-run aggregate supply curve?

What shape is the long-run aggregate supply curve? vertical at the value of potential real GDP downward-sloping vertical at the value of potential nominal GDP upward-sloping but not vertical vertical at the value of maximum real GDP