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Economics Q107

0. Two analysts make the following statements:
Analyst 1: The short run aggregate supply curve is vertical and the long run aggregate supply curve is upward sloping.
Analyst 2: The short run aggregate supply curve is upward sloping and the long run aggregate supply curve is vertical. Which analyst is most likely correct?

  • Option : B
  • Explanation : The short run aggregate supply curve is upward sloping and the long run aggregate supply curve is vertical.
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