Examlex

Solved

The Short-Run Aggregate Supply Curve Is Upward-Sloping,while the Long-Run Aggregate

question 39

True/False

The short-run aggregate supply curve is upward-sloping,while the long-run aggregate supply curve tends to be vertical.
In the long run,the output tends to be constant at the level of full employment,whereas in the short run it may vary.


Definitions:

American West

The region of the United States located west of the Mississippi River, historically significant for its development and expansion during the 19th century.

Nonfarm Activities

Economic activities that do not involve agriculture, farming, or animal husbandry, typically in sectors like manufacturing, services, and technology.

Americans

Citizens of the United States or people living within its boundaries; also can refer to the broader identities and cultures within the United States.

Related Questions