The Short-Run Aggregate Supply Line Is

question 92

Multiple Choice

The short-run aggregate supply line is:

• A)downward sloping.
• B)vertical at the economy's potential output.
• C)upward sloping.
• D)horizontal at the current rate of inflation.

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Definitions:

Collect

To gather or accumulate items or amounts, typically for a specific purpose or collection.

Like Terms

In algebra, terms that have the same variable raised to the same power, which can be combined by addition or subtraction.

Simplify

Reducing complexity to achieve clarity in problem-solving or communication.

Operation Indicated

A specific mathematical operation that is suggested or required by the context or problem.