Solved

The Steepness of the Aggregate Supply Curve Depends on The

Question 35

Multiple Choice

The steepness of the aggregate supply curve depends on the:


A) rate of inflation in the economy.
B) change in relative prices of commodities.
C) substitutability of the inputs used in producing various goods and services.
D) ability of the producers to respond to price-level changes in the short run.
E) the market rate of interest.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions