Question

The aggregate supply curve is Group of answer choices

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.

Answer 1

The answer is A

Vertical in the long run and upward sloping in the short run.

Step-by-step explanation:

In economics, aggregate supply or domestic final supply is the total supply of goods and services that firms in a national economy plan on selling during a specific time period. It is the total amount of goods and services that firms are willing and able to sell at a given price level in an economy.