Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The shape of the LAS curve is different from the SAS curve, because the LAS considers long-run adjustments in ____________but the SAS only reflects short-run
The shape of the LAS curve is different from the SAS curve, because the LAS considers long-run adjustments in ____________but the SAS only reflects short-run changes in ____________. A. the behavior of all economic agents; business investments B. all output markets; consumer markets C. the output market for all goods and services; service industries D. input and output markets; output markets E. business investments; governmental purchases
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started