If the Profit Effect and Misperception Effect Existed in Both

question 206

Multiple Choice

If the profit effect and misperception effect existed in both the short run and the long 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:

Adverse Publicity

Negative media coverage that can damage an organization's reputation and potentially affect its business operations or societal standing.

Public Proceedings

Formal processes or meetings conducted in public by governmental or judicial bodies.

Fiscal Policies

Government policies related to taxation and spending that aim to influence the economy's level of activity.

Environmental Standards

Regulations and criteria set by governmental or international bodies to control the level of pollutants released into the environment and ensure the protection of natural resources.