Moving along a short-run aggregate supply curve, ____________resource prices ____________, the money rate wage
____________, and potential GDP .
A) change; does not change; does not change
B) do not change; does not change; does not change
C) do not change; changes; does not change
D) do not change; does not change; changes

Question

Moving along a short-run aggregate supply curve,  ____________resource prices  ____________, the money rate wage
 ____________, and potential GDP .
A) change; does not change; does not change
B) do not change; does not change; does not change
C) do not change; changes; does not change
D) do not change; does not change; changes

Quizplus · Accepted Answer

In the short-run aggregate supply curve, resource prices and the money wage rate are assumed to be constant, while potential GDP remains unchanged.

Moving Along a Short-Run Aggregate Supply Curve, ____________Resource Prices