Which Statement Is TRUE with Respect to Short-Run and Long-Run

question 98

Multiple Choice

Which statement is TRUE with respect to short-run and long-run aggregate supply?

• A) The economy can be on both curves simultaneously.
• B) If the economy is on the short-run aggregate supply curve, it cannot also be on the long-run aggregate supply curve.
• C) If the economy is on the long-run aggregate supply curve, it cannot also be on the short-run aggregate supply curve.
• D) The economy can never rest on both curves simultaneously.

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Definitions:

Uncertain

Refers to something that is not sure, definite, or clearly defined.

Pathologist

A medical doctor who specializes in the diagnosis of diseases by examining body tissues, cells, and bodily fluids in a laboratory setting.

Neoplasm

An abnormal growth of tissue, which can be benign or malignant, commonly referred to as a tumor.

Malignant Lung Neoplasm

A cancerous tumor in the lungs that has the ability to grow aggressively and spread to other parts of the body.