191
1 point: Vertical axis labeled “Aggregate price level” (or “Price level”)
1 point: Horizontal axis labeled “Real GDP”
1 point: Vertical curve labeled “LRAS” (or “LRAS1”)
1 point: Potential output labeled YP (or YP1) on the horizontal axis at the intercept of the long-
1 point: Long-
1 point: An increase in the quantity of resources (land, labor, capital, or entrepreneurship)
1 point: An increase in the quality of resources
1 point: Technological progress