Which of the following is a difference between the short-run aggregate supply curve and the long-run aggregate supply curve?
A) The short-run aggregate supply curve is vertical, while the long-run aggregate supply curve is downward sloping.
B) The short-run aggregate supply curve is upward sloping, while the long-run aggregate supply curve is vertical.
C) The short-run aggregate supply curve is vertical, while the long-run aggregate supply curve is upward sloping.
D) The short-run aggregate supply curve is horizontal, while the long-run aggregate supply curve is vertical.
E) The short-run aggregate supply curve is downward sloping, while the long-run aggregate supply curve is vertical.
Correct Answer:
Verified
Q68: The short-run aggregate supply curve of an
Q69: Demand-pull inflation is caused by:
A)an increase in
Q70: Which of the following would shift both
Q71: Which of the following would shift the
Q72: Which of the following would shift both
Q74: If an individual is living in a
Q75: Cost-push inflation is caused by:
A)an increase in
Q76: A technological advancement that increases the productivity
Q77: Stagflation is generally caused by:
A)an increase in
Q78: In the long run, the real output
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents