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The aggregate supply curve is _____ in the short run and _____ in the long run.horizontal; downward slopinghorizontal; verticalvertical; horizontaldownward sloping; vertical

Question

The aggregate supply curve is _____ in the short run and _____ in the long run.horizontal; downward slopinghorizontal; verticalvertical; horizontaldownward sloping; vertical

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Solution

The aggregate supply curve is horizontal in the short run and vertical in the long run.

Similar Questions

The​ short-run aggregate supply curve has a​ ________ slope because as prices of​ ________ rise, prices of​ ________ rise more slowly. a. positive; inputs; final goods and services b. vertical; final goods and​ services; inputs c. positive; final goods and​ services; inputs d. vertical; inputs; final goods and services

What is the slope of the long-run aggregate supply curve?

we distinguish between the long-run aggregate supply curve and the short-run aggregate supply curve. in the long run

which of the following is true about the long-run aggregate supply curve?

Which of the following options is correct?A.The aggregate demand curve slopes upward.B.The long-run aggregate supply curve is horizontal because output depends on technology and factor supply, not prices.C.The short-run aggregate supply curve is vertical because prices stick at a predetermined level.D.Shocks to aggregate demand and supply cause fluctuations in GDP and employment in the short run.

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