Multiple Choice
The positively sloped portion of the aggregate supply curve is drawn on the assumption that:
A) resources are scarce.
B) wealth is constant.
C) there is no change is fiscal policy.
D) price levels are constant.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q69: The aggregate demand curve is negatively sloped
Q70: Suppose that nominal GDP fell from $5,000
Q71: GDP is defined as:<br>A) the market value
Q72: The vertical portion of the aggregate supply
Q73: Suppose nominal GDP for 1998 is $8,000
Q75: Which of the following would be included
Q76: Suppose that over a given time period
Q77: The aggregate demand curve is negatively sloped
Q78: Suppose that the price of inputs decreases.
Q79: As the domestic price level falls:<br>A) both