In the Long Run, the Aggregate Supply Curve of an Economy

question 2

Multiple Choice

In the long run, the aggregate supply curve of an economy is:

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

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Definitions:

Freelance Workers

Individuals who work on a self-employed basis, offering their services to various clients rather than being committed to a single employer.

Independent Contractors

Individuals who provide services to another entity under terms specified in a contract or within a verbal agreement, not considered employees.

On-demand Projects

Tasks or projects that are initiated and executed in response to specific demands or requirements, often characterized by their immediate nature and short turnaround times.

Safe Environment

A setting where individuals are protected from physical, psychological, or emotional harm, facilitating a sense of security and well-being.