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

question 66

Multiple Choice

If there was no profit effect, but there was a misperception effect in the short run, then SRAS is ____ and LRAS is ____.

• A)​upward sloping; upward sloping
• B)​upward sloping: vertical
• C)​vertical; upward sloping
• D)​vertical; vertical

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Definitions:

Team-based Reward

A system of incentives designed to recognize and reward the collective achievements and contributions of a team towards organizational objectives.

TNC Products

Products marketed or produced by transnational corporations that operate in multiple countries.

Customer Guarantee

A promise made by companies to the buyer to ensure the quality, satisfaction, or performance of a product or service.

Core Disciplines

Fundamental areas of study or practice within a broader field that form the essential skills, knowledge, and expertise of that field.