Which of the Following Statements Is True

question 67

Multiple Choice

Which of the following statements is true?

• A) The short-run aggregate supply curve is downsloping.
• B) The short-run aggregate supply curve is vertical.
• C) The long-run aggregate supply curve is vertical.
• D) The long-run aggregate supply curve is upsloping.

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Definitions:

Disjunction

A logical operation yielding a true value if at least one of its propositions is true.

Biconditional

A logical relationship between two statements where both or neither are true; often phrased as "if and only if".

Component

A part or element of a larger whole, especially a part of a machine or system.

Disjunct

In logic, an element of a disjunction; a proposition that forms one of the alternatives in a disjunction.