The Short-Run Aggregate Supply Curve Is Relatively Flat Because

question 3

Multiple Choice

The short-run aggregate supply curve is relatively flat because

• A) in the short run, prices are flexible but output is equal to potential output.
• B) in the long run, prices are flexible but output is equal to potential output.
• C) in the short run, prices do not change very much but output may be above, below, or equal to potential output.
• D) in the long run, prices are fixed and output is equal to potential output.

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Definitions:

Automated Car Wash

A facility using machinery and automated processes to clean vehicles without human handwashing.

Poisson Distribution

A statistical distribution that models the number of times an event occurs within a fixed interval of time or space.

Automated Car Wash

A facility using machinery and automated processes to wash vehicles, often requiring minimal human intervention.