The Aggregate Supply Curve Is Likely to Be Relatively Flat

question 200

Multiple Choice

The aggregate supply curve is likely to be relatively flat in the short run

• A)but relatively steep in the long run.
• B)and relatively flat in the long run.
• C)but vertical in the long run.
• D)None of the above is correct.

---

Definitions:

Right

An entitlement or privilege guaranteed by law or moral principle, allowing an individual to perform or refrain from certain actions.

Proved

Demonstrated to be true or verified through evidence, often used in legal contexts or scientific research.

Promissory Note

A written, legally binding promise to pay a specific sum of money at a specified time to a person or entity.

Negotiable Instrument

A signed writing that contains an unconditional promise or order to pay an exact sum of money, on demand or at an exact future time, to a specific person or order, or to bearer.