Patient theorem

Long run supply curve-vertical line middle of graph

when its a straight vertical line it has no effect on employment when increasing price

If war on Iran increases price on oil it has zero effect on the U.S. economy

LRSC=FA(L,k,n,h)

labor

kapital

natural resources

human capital=education

LRAS is vertical

y=Af(k,l,n,h)

if any of the variables in the right hand side change the LRAD curves shifts