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What Is the Shape of the AS in the Short

Question 51

Multiple Choice

What is the shape of the AS in the short run and the long run?


A) AS is relatively flat in both the short and long runs.
B) AS is relatively flat in the short run but steeper in the long run.
C) AS is relatively steep in both the short and long runs.
D) AS is relatively steep in the short run but flatter in the long run.

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