The aggregate supply curve (short run) is upsloping because:
A. wages and other resource prices match changes in the price level.
B. the price level is flexible upward but inflexible downward.
C. per-unit production costs rise as the economy moves toward and beyond its full-employment real output.
D. wages and other resource prices are flexible upward but inflexible downward.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The aggregate supply curve (short run) is upsloping because: A. wages and other resource prices match changes in the price level. B. the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
1. All of the factors below create a change in demand for alcohol except: a. Change in cigarette prices given that cigarettes and alcohol are substitutes b. Rise in anti-drinking sentiments across the country c.
Answers (1)
Why might a bank offer to make a loan to a consumer at a low initial rate which will increase after a set period of time? a. too fool the customer into making an unmanageable commitmentb.
Answers (1)
Omar has saved $1,100. Does he have enough to move into this apartment? Security Deposit $500 Application Fee $10 First Month's Rent $550 Electricity $25 connection fee; $40 per month Telephone approximately $36 per month;
Answers (1)
The list of individuals qualified to serve on a jury is referred to as the
Answers (2)
PA 4-1 It takes a lawyer ... It takes a lawyer 117 minutes to serve one customer. Demand is 3 customers per 10 hour day. The lawyer has a wage rate of $225 per hour from a law firm.
Answers (2)
New Questions in Business
You withdraw $100 from your checking account. how does this affect the money supply and the reserves of your bank?
Answers (1)
g Automatic stabilizers a. increase the problems that lags cause in using fiscal policy as a stabilization tool. b.
Answers (1)
Which term is used to describe the amount of biologically productive land/sea area necessary to support the lifestyle of an individual?
Answers (1)
Which of the following options has drastically reduced the costs of operating and transacting on a global scale? A. Internet B. Social network C. Intranet D. Extranet E. Value network
Answers (1)
In year 1, the Consumer Price Index was 120 and the average nominal income was $30,000. In year 2, the Consumer Price Index was 125 and the average nominal level of income was $32,000. What happened to real income from year 1 to year 2?
Answers (1)