i need answers Describe the short-run aggregate supply (SRAS) curve and the long-run aggregate supply (LRAS) curve.A. the SRAS curve is horizontal and the LRAS curve is verticalB. the SRAS curve is vertical and the LRAS curve is upward slopingO C. the SRAS curve is vertical and the LRAS curve is horizontalO D. the SRAS curve is horizontal and the LRAS curve is upward slopingWhy is the short-run aggregate supply curve horizontal?O A. because capital is fixed in the short runВ.cause output is fixed in the short runC. because the real interest rate is fixed in the short runD. because prices remain fixed in the short runWhy is the long-run aggregate supply curve vertical?O A. because the price level depends on the amount of outputB. because the capital stock changes to produce the fixed amount of output in the long runO C. because prices are fixed in the long runO D. because the aggregate amount of output supplied is the full-employment level, regardless of the price level

Aggregate supply curve: It represents the relationship between the level of prices and the quantity…

Describe the short-run aggregate supply (SRAS) curve and the long-run aggregate supply (LRAS) curve. O A. the SRAS curve is horizontal and the LRAS curve is vertical B. the SRAS curve is vertical and the LRAS curve is upward sloping O c. the SRAS curve is vertical and the LRAS curve is horizontal O D. the SRAS curve is horizontal and the LRAS curve is upward sloping Why is the short-run aggregate supply curve horizontal? A. because capital is fixed in the short run B. because output is fixed in the short run OC. because the real interest rate is fixed in the short run O D. because prices remain fixed in the short run Why is the long-run aggregate supply curve vertical? A. because the price level depends on the amount of output B. because the capital stock changes to produce the fixed amount of output in the long run C. because prices are fixed in the long run O D. because the aggregate amount of output supplied is the full-employment level, regardless of the price level

Describe the short-run aggregate supply (SRAS) curve and the long-run aggregate supply (LRAS) curve. O A. the SRAS curve is horizontal and the LRAS curve is vertical B. the SRAS curve is vertical and the LRAS curve is upward sloping O c. the SRAS curve is vertical and the LRAS curve is horizontal O D. the SRAS curve is horizontal and the LRAS curve is upward sloping Why is the short-run aggregate supply curve horizontal? A. because capital is fixed in the short run B. because output is fixed in the short run OC. because the real interest rate is fixed in the short run O D. because prices remain fixed in the short run Why is the long-run aggregate supply curve vertical? A. because the price level depends on the amount of output B. because the capital stock changes to produce the fixed amount of output in the long run C. because prices are fixed in the long run O D. because the aggregate amount of output supplied is the full-employment level, regardless of the price level

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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