Question

The AS curve slopes upward because:

Accepted Answer

A) all firms will increase their prices in response to an increase in aggregate demand, but some will increase their output and others will decrease their output. 
B) all firms will increase their prices, but not their output in response to an increase in aggregate demand. 
C) some firms will increase their prices and their output in response to an increase in aggregate demand. 
D) all firms will increase their prices and their output in response to an increase in aggregate demanD. 
A) all firms will increase their prices in response to an increase in aggregate demand, but some will increase their output and others will decrease their output. 
B) all firms will increase their prices, but not their output in response to an increase in aggregate demand. 
C) some firms will increase their prices and their output in response to an increase in aggregate demand. 
D) all firms will increase their prices and their output in response to an increase in aggregate demanD.

The AS curve slopes upward because:

Thinking Like an Economist

Comparative Advantage

Spending, Income, and GDP

Inflation and the Price Level

Wages and Unemployment

Economic Growth

Saving, Capital Formation, and Financial Markets

Money, Prices, and the Financial System

Short-Term Economic Fluctuations

Spending, Output, and Fiscal Policy

Monetary Policy and the Federal Reserve

Macroeconomic Policy

Exchange Rates, International Trade, and Capital Flows

Filters

Exam 13: Aggregate Demand, Aggregate Supply, and Business Cycles

The AS curve slopes upward because:

Thinking Like an Economist

Comparative Advantage

Spending, Income, and GDP

Inflation and the Price Level

Wages and Unemployment

Economic Growth

Saving, Capital Formation, and Financial Markets

Money, Prices, and the Financial System

Short-Term Economic Fluctuations

Spending, Output, and Fiscal Policy

Monetary Policy and the Federal Reserve

Macroeconomic Policy

Exchange Rates, International Trade, and Capital Flows

Filters