The Long-Run Aggregate Supply Curve Is ________, While the Long-Run

question 22

Multiple Choice

The long-run aggregate supply curve is ________, while the long-run Phillips curve is ________.

• A)positively sloped; negatively sloped
• B)vertical; negatively sloped
• C)vertical; also vertical
• D)positively sloped; also positively sloped
• E)vertical; horizontal

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Definitions:

Tungsten Lightbulb

A type of incandescent light bulb that uses a tungsten filament to produce light when heated by an electric current.

Candle Power

A measure of light intensity now largely replaced by the metric unit, candela.

Florescent Light

An energy-efficient lighting device using mercury vapor to emit UV light, which then causes a phosphorescent coating to glow.

Ballast Resistor

An electrical resistor used to limit the current flowing through circuits, often found in ignition systems to protect components from overcurrent.