What Is the Shape of the AS in the Short

question 175

Multiple Choice

What is the shape of the AS in the short run and the long run?

• A)AS is relatively flat in both the short and long run.
• B)AS is relatively flat in the short run, but steeper in the long run.
• C)AS is relatively steep in both the short and long run.
• D)AS is relatively steep in the short run, but flatter in the long run.

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A unit of measure representing the operation of a machine for one hour, used in allocating manufacturing overhead costs to products.

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