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.
Correct Answer:

Verified
Correct Answer:
Verified
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