Multiple Choice
-The horizontal short-run aggregate supply (SRAS1) expresses the idea that
A) the price level is dependent on the output level in the short run.
B) the output level is independent of the price level in the short run.
C) the price level is independent of the output level in the long run.
D) potential output is fixed in the short run.
E) firms will supply the output demanded at the fixed price level in the short run.
Correct Answer:
Verified
Correct Answer:
Verified
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