The short- run aggregate supply curve is upward- sloping because in the short run the
A) money wage rate changes but the price level does not.
B) neither the money wage rate nor the price level can change.
C) both the money wage rate and the price level change.
D) price level changes but the money wage rate does not.
Correct Answer:
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Q5: _ economists believe that the economy
Q6: Q7: In the short run, firms expand their Q8: Moving upward along the SAS results in Q9: Q11: Technological progress will Q12: Q13: Which of the following helps determine the Q14: The AS/AD model studies the relationship between Q15: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)shift the SAS curve rightward
A)the
