An adjustment "asymmetry" in the aggregate supply curve is shown by
A)the difference in speed of decreases in output levels..
B)its concave shape.
C)its convex shape.
D)the difference in speed of increases in factor prices versus wage rates..
E)the difference in speed of a rightward shift versus a leftward shift (when wages adjust to output gaps).

Question

Quizplus · Accepted Answer

An adjustment asymmetry in the aggregate supply curve refers to the difference in the speed of adjustments, such as how quickly the curve shifts rightward compared to leftward, often due to wage adjustments in response to output gaps.

An Adjustment "Asymmetry" in the Aggregate Supply Curve Is Shown