What Is the Difference Between the Short-Run Aggregate Supply Curve

question 72

Multiple Choice

What is the difference between the short-run aggregate supply curve and the long-run aggregate supply curve?

• A) Output varies with the price level in the short run but is constant in the long run.
• B) Output varies in the opposite direction of the price level in the short run but is constant in the long run.
• C) Output does not have enough time to vary in the short run but varies with the price level in the long run.
• D) Output does not have enough time to vary in the short run but has a negative relationship with the price level in the long run.

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