The positive relationship between the aggregate price level and aggregate output supplied gives the short-run aggregate supply curve a(n) _____ slope.
A) positive
B) vertical
C) horizontal
D) negative
Correct Answer:
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Q83: The short-run aggregate supply curve is positively
Q84: When short-run aggregate supply increases, it means
Q85: When the price level decreases, firms in
Q86: Profit per unit equals:
A) price per unit
Q87: The short-run aggregate supply curve illustrates:
A) the
Q89: According to the short-run aggregate supply curve,
Q90: An increase in the minimum wage would
Q91: When short-run aggregate supply decreases, it means
Q92: Nominal wages are sticky because:
A) wages are
Q93: The short-run aggregate supply curve is positively
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