In the Diagram, the Economy's Short-Run AS Curve Is Line

question 45

Multiple Choice

In the diagram, the economy's short-run AS curve is line ___, and its long-run AS curve is line ___.

• A) 1; 3
• B) 2; 4
• C) 3; 4
• D) 2; 1

---

Definitions:

Television Station

A set-up or facility for transmitting visual content and audio over the airwaves or through cable, aimed at reaching a wide audience.

Equal Time Rule

A policy that requires television and radio stations to provide equal broadcasting time to opposing political candidates during an election.

Political Office

A position of authority within a government organization or body that is either elected or appointed, carrying specific duties and powers.

Communicate

The process of sharing information, ideas, or feelings between individuals or groups, through various means such as speech, writing, or electronic media.