The Long-Run Aggregate Supply (LAS) Curve

question 32

Multiple Choice

The long-run aggregate supply (LAS) curve

• A) has a positive slope.
• B) has a negative slope.
• C) is vertical.
• D) is horizontal.

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Definitions:

Duration

The length of time that an event or condition lasts or continues.

Baseline Data

Information collected at the beginning of a study or project that serves as a comparison point for assessing future changes or developments.

Frequency

A measure of how often an event occurs within a specified period of time, often analyzed in research or therapeutic contexts.

Intensity

The degree of strength, force, or concentration in an activity, emotion, or situation.