The Short-Run Aggregate Supply Curve Is _____, and the Long-Run

question 85

Multiple Choice

The short-run aggregate supply curve is _____, and the long-run aggregate supply curve is _____.

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

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Definitions:

Seriously Affected

Significantly impacted or altered in a negative manner.

Carbon Monoxide

A gas that is clear, has no smell, and is poisonous, resulting from the incomplete burning of materials containing carbon.

Anaerobic Respiration

is a process by which cells generate energy in the absence of oxygen, using other electron acceptors to metabolize substrates.

Cigarette Smoking

The act of inhaling smoke from burning tobacco wrapped in paper; a leading cause of numerous health issues, including lung cancer.