According to new classical school of economics, the aggregate supply curve is:
A) horizontal in both the short run and the long run.
B) vertical in the short run and upward-sloping in the long run.
C) upward-sloping in both the short run and the long run.
D) vertical in both the short run and the long run.
E) upward-sloping in the short run and vertical in the long run.
Correct Answer:
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