which of the following assumptions will make a long - run aggregate supply curve vertical?\nin the long…

which of the following assumptions will make a long - run aggregate supply curve vertical?\nin the long - run, the aggregate supply curve must be horizontal.\nin the long - run, the economy is always fully efficient.\nin the long - run, full employment is impossible.\nin the short - run, the factors of production are fully utilized.

which of the following assumptions will make a long - run aggregate supply curve vertical?\nin the long - run, the aggregate supply curve must be horizontal.\nin the long - run, the economy is always fully efficient.\nin the long - run, full employment is impossible.\nin the short - run, the factors of production are fully utilized.

Answer

Answer:

In the long - run, the economy is always fully efficient.

Brief Explanations:

The long - run aggregate supply curve is vertical when the economy is at full employment and fully efficient in the long run. This is because in the long run, all factors of production are fully utilized and changes in the price level do not affect the potential output of the economy.