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Match the following descriptions with the correct aggregate supply curve. a. Immediate short run check all that apply 1 Output prices are flexible, but input

Match the following descriptions with the correct aggregate supply curve.

a. Immediate short run

check all that apply 1

  • Output prices are flexible, but input prices are fixed.unanswered
  • A horizontal line.unanswered
  • The price level is fixed.unanswered
  • An upsloping curve.unanswered
  • A vertical line.unanswered
  • Output is fixed.unanswered

b. Short run

check all that apply 2

  • A horizontal line.unanswered
  • Output is fixed.unanswered
  • Output prices are flexible, but input prices are fixed.unanswered
  • A vertical line.unanswered
  • The price level is fixed.unanswered
  • An upsloping curve.unanswered

c. Long run

check all that apply 3

  • Output is fixed.unanswered
  • An upsloping curve.unanswered
  • A vertical line.unanswered
  • A horizontal line.unanswered
  • The price level is fixed.unanswered
  • Output prices are flexible, but input prices are fixed.

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