The short-run aggregate supply curve is positively sloped because:
(A) wages and other costs of production respond immediately to changes in prices.
(B) profit is lower when prices increase, so output decreases.
(C) workers are willing to work for lower wages rather than be laid off.
(D) higher prices lead to higher profit and higher output.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The short-run aggregate supply curve is positively sloped because: (A) wages and other costs of production respond immediately to changes ...” 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
Why is the participation of young invincibles important to the success of the aca health insurance marketplaces?
Answers (1)
If the price of papayas increases from $1.00 each to $1.25, will this cause a change in supply or quantity supplied? a. supply b. quantity supplied
Answers (2)
Suppose that twenty-five years ago a country had nominal gdp of $1,000, a gdp deflator of 200, and a population of 100. today it has nominal gdp of $3,000, a gdp deflator of 400, and population of 150. what happened to the real gdp per person?
Answers (1)
Leh Inc. recently borrowed $275,000 from its bank at a simple interest rate of 9 percent. The loan is for nine months and, according to the loan agreement, the interest should be added to the amount borrowed and the total amount to be repaid in
Answers (1)
LO 1.4What led to the United States Congress passing the public accounting reform act called Sarbanes-Oxley?
Answers (1)
New Questions in Business
What does "monetary policy" mean? A. Federal Reserve policies on creating new banks B. political policies pursued by the federal government C. actions the Federal Reserve takes to influence the economy D.
Answers (1)
What is the meaning of market in economics
Answers (1)
If you were a police officer, at night during your shift, you confront a suspicious man walking in an elite neighborhood. You stop to question the man, but he refuses even to give you his name.
Answers (1)
The account "Warranty Liability": is adjusted at the end of the year. is credited each time a warranty repair is made. has a year-end credit balance equal to the cost of warranty repairs made during the year. is closed at the end of the year.
Answers (1)
What percentage of U. S. households have no access to banking services? A) 8 percent B) 10 percent C) 15 percent D) 50 percent
Answers (1)