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24.2 Building a model of aggregate demand and aggregate supply  (Page 22/24)

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  • Card 22 / 24:
    long run aggregate supply (LRAS) curve

    vertical line at potential GDP showing no relationship between the price level for output and real GDP in the long run

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Practice FlashCards 10 Key Terms 9

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Source:  OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
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