The Long-Run Aggregate Supply Curve Is

question 30

Multiple Choice

The long-run aggregate supply curve is

• A)vertical.
• B)negatively sloped.
• C)positively sloped but extremely steep.
• D)almost flat.
• E)positively sloped at low levels of real GDP and vertical at high levels of real GDP.

---

Definitions:

Favor

An act of kindness beyond what is usual or expected, often involving giving someone an advantage or showing support.

Past

The period of time or a segment of history that has already occurred, distinguished from the present and future.

Social-Responsibility Norm

A societal expectation that people will help those who are dependent upon them or in need of assistance.

Expectation

A belief or anticipation about the way events, behaviors, or things are supposed to be.