The "first asymmetry" in the behaviour of aggregate supply refers to the
A)increase in input prices as output is decreased.
B)increasing slope of the AS curve as output rises.
C)increase in input prices as output is increased.
D)decreasing slope of the AS curve as output rises.
E)decreasing unit costs of production as output is increased.

Question

Quizplus · Accepted Answer

The "first asymmetry" refers to the increasing slope of the aggregate supply (AS) curve as output rises, indicating that as production increases, it becomes more costly to produce additional units, often due to resource constraints.

The "First Asymmetry" in the Behaviour of Aggregate Supply Refers