Multiple Choice
The short-run aggregate supply curve is positively sloped because:
A) a short-run increase in GDP usually is accompanied by an increased rise in the price level.
B) many input prices are slow to change in the short run.
C) all variables are fixed in the short run.
D) a short-run increase in GDP usually is accompanied by a slower rise in the price level.
Correct Answer:
Verified
Correct Answer:
Verified
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