The aggregate supply curve is likely to be relatively flat in the short run

Question

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In the short run, the aggregate supply curve may be relatively flat because firms may be able to increase output without increasing prices, as there may be unused or underutilized resources. However, in the long run, firms may face constraints on their ability to increase output, such as a limited supply of labor or capital, which may result in a steeper aggregate supply curve.

The Aggregate Supply Curve Is Likely to Be Relatively Flat