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Shifting Short Run Aggregate Supply
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Shifting Short Run Aggregate Supply
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17. Aggregate Demand and Aggregate Supply Analysis / Shifting Short Run Aggregate Supply / Problem 4
Problem 4
What is the primary difference between short run aggregate supply (SRAS) and long run aggregate supply (LRAS)?
A
SRAS is vertical, while LRAS is upward sloping.
B
SRAS is determined by technology, while LRAS is determined by labor.
C
SRAS is fixed, while LRAS can shift due to changes in resources.
D
SRAS is affected by price levels, while LRAS is not.
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