Consider the AD/AS Macro Model

Multiple Choice

Consider the AD/AS macro model.An important asymmetry in the behaviour of aggregate supply is the

A) changing slope of the aggregate demand curve.
B) difference between actual and potential output.
C) different relative sizes of inflationary versus recessionary gaps.
D) economy's path of potential output as a result of labour force growth.
E) different speeds at which factor prices adjust to positive and negative output gaps.