The Aggregate Supply Curve Is

question 91

Multiple Choice

The aggregate supply curve is

• A)vertical in the long run and slopes upward in the short run.
• B)upward sloping in the long run and vertical in the short run.
• C)vertical in the short run and in the long run.
• D)upward sloping in the short run and in the long run.

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Definitions:

Office Equipment

Items used by a company to facilitate its operations and administrative tasks, such as computers, printers, and desks.

Commission

A fee paid for services, usually a percentage of the amount involved in a transaction or sale.

Normal Sales

Sales transactions that occur under regular business conditions, without special circumstances or discounts.

Percents

A mathematical term representing a fraction of 100, used to denote a portion or share of a total.