Which of the Following Statements Is True About the Long-Run

question 126

Multiple Choice

Which of the following statements is true about the long-run and short-run aggregate supply curve in the classical model?

• A) The long-run aggregate supply curve is vertical, and the short-run curve is horizontal.
• B) The long-run aggregate supply curve is not defined, and the short run curve is vertical.
• C) The long-run and short-run curves start out horizontal and eventually become vertical.
• D) The long-run curve is vertical, and there is no short-run curve since all adjustments occur quickly.

---

Definitions:

Trait Terms

Descriptors used to identify consistent patterns in an individual's behavior, thought, and emotions.

Big Five

A psychological model outlining five major dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Comprehensive Personality

Encompasses a holistic view of an individual's character, including traits, behaviors, and emotional patterns.

Big Five

An outline that identifies five primary personality traits: Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism.