If There Was No Profit Effect, but There Was a Misperception

question 91

Multiple Choice

If there was no profit effect, but there was a misperception effect in the short run, then:

• A)both the short-run and the long-run aggregate supply curve would be upward sloping.
• B)the short-run aggregate supply curve would be upward sloping and the long-run aggregate supply curve would be vertical.
• C)the short-run aggregate supply curve would be vertical and the long-run aggregate supply curve would be upward sloping.
• D)both the short-run and the long-run aggregate supply curve would be vertical.
• E)the short-run aggregate supply curve would be horizontal and the long-run aggregate supply curve would be vertical.

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Definitions:

Social Media Posts

Content created and shared on social media platforms, including text, images, videos, and interactions, intended for communication and engagement with an audience.

Relationship Marketing

A strategy designed to foster customer loyalty, interaction, and long-term engagement by providing personalized and directly meaningful experiences to customers.

Ambush Marketing

A strategy where a brand associates itself with an event without paying sponsorship fees, aiming to gain visibility at the expense of official sponsors.

Emotional Effect

The impact on an individual's feelings or emotions, typically in response to a particular event, situation, or stimulus.