What Is the Shape of the AS in the Short

question 175

Multiple Choice

What is the shape of the AS in the short run and the long run?

• A)AS is relatively flat in both the short and long run.
• B)AS is relatively flat in the short run, but steeper in the long run.
• C)AS is relatively steep in both the short and long run.
• D)AS is relatively steep in the short run, but flatter in the long run.

---

Definitions:

Routine Activity

Regular, customary actions or practices that are often predictable and performed as a part of one's daily or regular schedule.

Payroll

The total amount of wages or salaries paid by a business to its employees, as well as the process of calculating and distributing these payments.

Transactional

Pertaining to the conduct of business, especially routine activities involving the transfer or exchange of goods and services.

Talent Management

A strategic approach to attracting, developing, and retaining skilled employees to meet organizational needs.