Multiple Choice
Which of the following is true if marginal costs increase at a slow rate as output increases?
A) The short-run aggregate supply curve is relatively steep.
B) The short-run aggregate supply curve becomes vertical.
C) The short-run aggregate supply curve is relatively flat.
D) The long-run aggregate supply curve becomes horizontal.
E) The long-run aggregate supply curve becomes downward sloping.
Correct Answer:

Verified
Correct Answer:
Verified
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