Multiple Choice
Which of the following is true of the short-run aggregate supply curve?
A) It shows the relation between the inflation rate and the quantity of aggregate output firms supply,other things constant.
B) It shows the relation between the price of labor and the aggregate quantity of labor workers supply,other things constant.
C) It shows the relation between the interest rate and the quantity of capital goods firms supply,other things constant.
D) It shows the relation between the price level and the quantity of aggregate output firms supply,other things constant.
E) It displays an inverse relationship between the price level and real GDP.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Exhibit 10-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4914/.jpg" alt="Exhibit 10-3
Q2: The short-run aggregate supply curve slopes upward
Q4: Which of the following would cause the
Q6: Which of the following is true regarding
Q7: Wage agreements may cause costs to be
Q8: A contractionary gap may be closed in
Q9: Wage agreements may cause costs to be
Q10: As actual output falls below the potential
Q11: If the actual price level exceeds the
Q98: In the long run,the price level is