The Short-Run Aggregate Supply Curve

question 250

Multiple Choice

The short-run aggregate supply curve

• A) is vertical, and the long-run aggregate supply curve is vertical.
• B) slopes upward, and the long-run aggregate supply curve also slopes upward.
• C) slopes upward, but the long-run aggregate supply curve is horizontal.
• D) slopes upward, but the long-run aggregate supply curve is vertical.

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Definitions:

Sketch

A rough or unfinished drawing or painting, often made to assist in making a more finished picture.

Graph

A visual representation of data, functions, or equations, typically plotted with an x and y axis to show relationships between different variables.

Ticket Sales

The process of selling admission tickets to events.

Inequality

A mathematical statement indicating that two expressions are not equal, typically involving symbols such as > (greater than), < (less than).