Solved

If Producers Believe That the Increase in Their Relative Prices

Question 15

Multiple Choice

If producers believe that the increase in their relative prices is small relative to the increase in the general price level,then the slope of the short-run aggregate supply curve will be


A) zero.
B) small.
C) large.
D) negative.

Correct Answer:

verifed

Verified

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

Related Questions