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    Understanding Modern Economics
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    Exam 11: Aggregate Demand and Supply  
  5. Question
    The Upward Slope of the Supply Curve Is Explained by
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The Upward Slope of the Supply Curve Is Explained by

Question 116

Question 116

Multiple Choice

The upward slope of the supply curve is explained by


A) the profit motive of firms.
B) the bargaining strength of labor unions.
C) the open economy effect.
D) the real balance effect.

Correct Answer:

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