If Input Prices and Output Prices Were Perfectly Flexible in the Short

question 1

True/False

If input prices and output prices were perfectly flexible in the short run, AS would be the same in the short and long runs.

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Definitions:

Synaptic Cleft

The narrow gap between the presynaptic neuron and postsynaptic cell where neurotransmitters are released to facilitate neuronal communication.

Norepinephrine

A neurotransmitter and hormone involved in the body's natural response to stress, increasing heart rate, blood pressure, and blood sugar levels.

Bronchi

The main passageways into the lungs, which branch from the trachea and further divide into smaller airways called bronchioles.

Oxygen

A chemical element with symbol O, critical for the survival of aerobic organisms as it is essential for energy production in respiration and is a component of water.