The Analysis That Monetary Policy Is Effective in the Short-Run

Multiple Choice

The analysis that monetary policy is effective in the short-run but not in the long-run can be presented by which of the following statement?

A) The short-run AS curve is flat,but the long-run AS is vertical.
B) The short-run AS curve is positively sloped,but the long-run AS is flat.
C) The short-run and the long-run AS are both positively sloped.
D) The short-run AS curve is positively sloped,but the long-run AS is vertical.