The short-run aggregate supply curve is vertical, and the long-run aggregate supply curve is
horizontal.

Question

Quizplus · Accepted Answer

The short-run aggregate supply curve is upward sloping, indicating that as prices increase, producers are willing to supply more goods, while the long-run aggregate supply curve is vertical, reflecting that in the long term, the economy's output is determined by factors other than price, such as technology and resources.

The Short-Run Aggregate Supply Curve Is Vertical, and the Long-Run