Multiple Choice
What is the difference between the short-run aggregate supply curve and the long-run aggregate supply curve?
A) Output varies with the price level in the short run but is constant in the long run.
B) Output varies in the opposite direction of the price level in the short run but is constant in the long run.
C) Output does not have enough time to vary in the short run but varies with the price level in the long run.
D) Output does not have enough time to vary in the short run but has a negative relationship with the price level in the long run.
Correct Answer:

Verified
Correct Answer:
Verified
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