Multiple Choice
The short-run aggregate supply curve is positively sloped because
A) a short-run increase in GDP usually is accompanied by a rise in the price level.
B) many input prices are slow to change in the short run.
C) all variables are fixed in the short run.
D) a short-run increase in GDP usually is accompanied by a slower rise in the price level.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The collapse of home values in 2008
Q2: The Great Depression was characterized by a
Q3: If the economy shown in the figure
Q5: The short-run aggregate supply curve is positively
Q6: When interest rates fall, investment will increase,
Q7: Which set of events would lead to
Q8: A stronger dollar will shift the U.S.
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Q10: The aggregate _ curve shows the amount
Q11: The long-run supply curve is<br>A) vertical.<br>B) horizontal.<br>C)