Multiple Choice
The aggregate supply curve cannot be the sum of the supply curves of all the individual firms in the economy because
A) some firms actually set prices instead of just responding to process determined in the market.
B) the outputs of some firms are the inputs of other firms.
C) it is unrealistic to believe that costs are constant for individual firms if the overall price level is increasing.
D) all of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q53: Gross domestic product (GDP) measured in current
Q54: Which of the following would be counted
Q55: Actual output cannot grow faster than_ over
Q56: Explain the costs of unemployment.<br>
Q57: You want to make a 4% real
Q59: If injections exceed withdrawals, the economy will
Q60: If the number of people employed is
Q61: The position of the AS curve is
Q62: Which two official measures of unemployment are
Q63: Which of the following statements regarding demand-