The Version of Aggregate Supply That Allows for Changes in Both

question 265

Multiple Choice

The version of aggregate supply that allows for changes in both product prices and resource prices is the

• A) immediate short run.
• B) short run.
• C) immediate long run.
• D) long run.

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Definitions:

Species

A group of living organisms consisting of similar individuals capable of exchanging genes or interbreeding, forming the principal natural taxonomic unit below a genus.

William Graham Sumner

A prominent American sociologist and economist known for his contributions to social Darwinism and conflict theory.

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