Multiple Choice
If profit per unit equals (price − cost per unit) and costs are temporarily fixed, then the aggregate supply curve will have
A) a basic "U" shape.
B) a negative slope.
C) a positive slope.
D) All of these responses are correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q80: If short-run equilibrium GDP is above potential
Q81: What is the usual response of firm
Q82: Figure 10-7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 10-7
Q83: Figure 10-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 10-5
Q84: The only factor that can cause movement
Q86: The typical results of an adverse supply
Q87: For most firms in the economy, the
Q88: The equilibrium price level and the equilibrium
Q89: Increases in productivity are caused by<br>A)better education
Q90: When the expenditure schedule is too high,