The Long- Run Aggregate Supply Curve Is

question 287

Multiple Choice

The long- run aggregate supply curve is

• A) horizontal.
• B) upward sloping.
• C) downward sloping
• D) vertical.

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Definitions:

Working-Class Background

Describes individuals or families belonging to the social group primarily engaged in manual labor with limited economic and educational resources.

Highest Grades

Highest grades denote the top academic achievements within an educational system, symbolizing excellence in performance and understanding of the subject matter.

Cultural Capital

Social assets unrelated to finances that enhance social mobility, including education, intelligence, manner of speaking, and fashion.

Upper-Class Family

A family belonging to the highest social class, typically associated with wealth, influence, and privilege.