Multiple Choice
The aggregate supply curve (short run) is upsloping because
A) wages and other resource prices match changes in the price level.
B) the price level is flexible upward but inflexible downward.
C) per-unit production costs rise as the economy moves toward and beyond its full-employment real output.
D) wages and other resource prices are flexible upward but inflexible downward.
Correct Answer:
Verified
Correct Answer:
Verified
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