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

Question

What is the primary difference between short run and long run aggregate supply curves in the AD-AS model?

Accepted Answer

Short run aggregate supply is upward sloping, while long run aggregate supply is vertical

Answer

Short run aggregate supply is vertical, while long run aggregate supply is upward sloping

Answer

Both short run and long run aggregate supply curves are vertical

Answer

Both short run and long run aggregate supply curves are upward sloping