Multiple Choice
The slope of the short-run aggregate supply curve indicates that:
A) as overall price levels increase, firms are willing to produce more.
B) as overall price levels decrease, firms are willing to produce more.
C) firms are constrained to a certain level of output in the short run, regardless of the price.
D) firms are constrained to a certain price in the short run, regardless of output.
Correct Answer:
Verified
Correct Answer:
Verified
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