The long-run supply curve is:
A) vertical.
B) horizontal.
C) elastic.
D) inelastic.
Correct Answer:
Verified
Q91: What happens if business expectations improve?
A) Aggregate
Q119: (Figure: Determining SRAS Shifts) Q120: The _ is positively sloped because some Q121: Which of the following would NOT cause Q125: The long-run economic growth model assumes that: Q126: Which of the following statements is correct? Q127: Economic growth is shown as a: Q128: The long-run aggregate supply curve uses the Q144: If an economy is on the vertical Q202: If the market power of firms increases,
A)
A)
A) shift
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