In the Long Run, the Aggregate Supply Curve Is

question 67

Multiple Choice

In the long run, the aggregate supply curve is:

• A) horizontal
• B) downward sloping
• C) perfectly inelastic
• D) perfectly elastic

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Definitions:

World Democracy

The concept of promoting democratic governance and principles at a global level, aiming for political freedom and equality across nations.

Promotion

The act of raising someone to a higher rank or position, often accompanied by an increase in pay, or an effort to make something more popular or widely known.

Oppose Globalization

To oppose globalization means to resist the process by which businesses or other organizations develop international influence or start operating on an international scale, often due to concerns such as cultural erosion, environmental damage, or economic inequality.

Foreign Aid

Financial, technical, or material assistance provided by one country to another, especially to help support development and address humanitarian needs.