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MMLU-Pro / 7353 / Which of the following best describes a key difference between the short-run and…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Which of the following best describes a key difference between the short-run and long-run aggregate supply curve?

category

economics

options

  1. Long-run aggregate supply is upward sloping as nominal wages do not quickly respond to price level changes.
  2. Long-run aggregate supply is upward sloping as nominal wages quickly respond to price level changes.
  3. Short-run aggregate supply is downward sloping as nominal wages do not quickly respond to price level changes.
  4. Short-run aggregate supply is upward sloping as nominal wages quickly respond to price level changes.
  5. Long-run aggregate supply is vertical as nominal wages do not quickly respond to price level changes.
  6. Short-run aggregate supply is horizontal as nominal wages do not quickly respond to price level changes.
  7. Short-run aggregate supply is upward sloping as nominal wages do not quickly respond to price level changes.
  8. Short-run aggregate supply is vertical as nominal wages quickly respond to price level changes.
  9. Long-run aggregate supply is downward sloping as nominal wages quickly respond to price level changes.

src

ori_mmlu-high_school_macroeconomics

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Source and history

Official source

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