what-is-the-primary-difference-between-short-run-aggregate-supply-sras-and-long-

Question

What is the primary difference between short run aggregate supply (SRAS) and long run aggregate supply (LRAS)?

Accepted Answer

SRAS is affected by price levels, while LRAS is determined by factors of production.

Answer

SRAS is vertical, while LRAS is upward sloping.

Answer

SRAS is determined by factors of production, while LRAS is affected by price levels.

Answer

SRAS is horizontal, while LRAS is vertical.