While the Short-Run Aggregate Curve Is Vertical, the Long Run

question 64

True/False

While the short-run aggregate curve is vertical, the long run aggregate-supply curve is upward sloping.

---

Definitions:

Tax Revenue

The capital governments gather through the imposition of taxes.

Tax

A compulsory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Flexible Benefits

A program that allows employees to choose from a range of benefit options.

Employee Benefits

Various types of non-wage compensation provided to employees in addition to their normal wages or salaries.